2. Suppose an oil field is discovered, which curve(s) in the AD-AS graph will shift to which direction? 3.The price of a car is $20,000. This is related to which function of money? ((1) medium of exchange; (2) store of value; or (3) unit of account.)

2. Suppose an oil field is discovered, which curve(s) in the AD-AS graph will shift to which direction? 3.The price of a car is $20,000. This is related to which function of money? ((1) medium of exchange; (2) store of value; or (3) unit of account.)

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter16: Information, Risk, And Insurance

Section: Chapter Questions

Problem 8RQ: What are some ways that someone looking for a loan might reassure a bank that is faced with...

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Question

2. Suppose an oil field is discovered, which curve(s) in
the AD-AS graph will shift to which direction?
3.The price of a car is $20,000. This is related to which
function of money? ((1) medium of exchange; (2) store
of value; or (3) unit of account.)

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