Multiple Choice
Figure 9.2
-Refer to Figure 9.2. A movement from point b to point c could be caused by a simultaneous ________ and ________.
A) increase in the money supply; increase in the price of oil
B) decrease in taxes; decrease in the price of oil
C) increase in taxes; decrease in government spending
D) increase in the price of oil; massive crop failure
Correct Answer:

Verified
Correct Answer:
Verified
Q56: Any change in demand from _ will
Q57: The economy's ability to coordinate economic activity
Q58: When interest rates are lower, consumers and
Q59: Stickiness of wages<br>A) is unrelated to stickiness
Q60: For most firms, the biggest cost of
Q62: When the price level is low and
Q63: Figure 9.1 shows three aggregate demand curves.
Q64: Recall the Application about the behavior of
Q65: In the long run<br>A) price and output
Q66: A supply shock is an _ event