A war in the Middle-East increases the price of oil. Suppose that the price hike holds. Over what period of time would you expect the largest change in quantity?
A. 1 month
B. 1 day
C. 1 week
D. 1 year
Answer: D
You might also like to view...
When the Fed buys bonds
a. the supply of money increases and so aggregate demand shifts right. b. the supply of money decreases and so aggregate demand shifts left. c. the supply of money decreases and so aggregate demand shifts right. d. the supply of money increases and so aggregate demand shifts left.
Demand deposits are essentially
A. coins and currency. B. based on gold deposits with the Fed. C. checkable deposits. D. not legally required to be available sooner than 30 days after a check is presented to a bank.
Bonds are a ________ liquid asset than other loans because they ________.
A. less; are standardized B. more; are standardized C. more; are guaranteed from default by the government D. less; are guaranteed from default by the government
Which of the following statements is correct? a. Technological advances always lead to the permanent displacement of workers
b. In a growing and dynamic economy, jobs are constantly being destroyed and created. c. Without unemployment insurance, the average duration of unemployment would likely be longer. d. If there is a balance between demand and supply in the labor market, frictional employment must equal zero.