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.)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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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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