Sunday
April 20, 2014

Homework Help: Economics

Posted by Douglas Walker on Wednesday, December 7, 2011 at 12:00am.

1. Using AD/AS, describe the short-run and long-run effects of an increase in the money supply on the equilibrium level of production and the price level. Be sure to explain what happens to Total Expenditures (using the 3 effects of spending changes as a result of changes in the price level).



2. Using AD/AS, describe the short-run and long-run effects of an increase in the price of oil.

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Macroeconomics - (Monetary Policy and Aggregate Supply) Assume that the economy...
Economics - The Fed conducts an open market purchase of securities. Explain the ...
Economics - A long-run supply curve is flatter than a short-run supply curve ...
Economics - Suppose the price elasticity of demand for heating oil is 0.2 in the...
micro economics - 1) Assume that the gold-mining industry is competitive. a) ...
economics - This is going to be really long, but I want to see if my answers are...
economics - An increase in an economy's resource pool will: 1)shift the short-...
macro-economics - Using the aggregate supply and demand model analyzes the long-...
International Economics - Explain why the U.S. would subsidize the short run ...
Microeconomics - A perfectly competitive industry has a large number of ...

Search
Members