During 2015, there was a substantial increase in stock prices, as well as a reduction in the world price of crude oil. How did the stock and oil price changes influence aggregate demand and aggregate supply in the United States? Check all that apply. These two changes would result in a temporary increase in output. The decrease in the world price of crude oil would cause the SRAS curve to shift to the right. The decrease in the world price of crude oil would cause the LRAS curve to shift to the left. The increase in stock prices would cause the AD curve to shift to the right.
During 2015, there was a substantial increase in stock prices, as well as a reduction in the world price of crude oil. How did the stock and oil price changes influence aggregate demand and aggregate supply in the United States? Check all that apply. These two changes would result in a temporary increase in output. The decrease in the world price of crude oil would cause the SRAS curve to shift to the right. The decrease in the world price of crude oil would cause the LRAS curve to shift to the left. The increase in stock prices would cause the AD curve to shift to the right.
Chapter15: Macroeconomic Viewpoints: New Keynesian, Monetarist, And New Classical
Section: Chapter Questions
Problem 16E
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During 2015, there was a substantial increase in stock prices, as well as a reduction in the world
How did the stock and oil price changes influence aggregate demand and aggregate supply in the United States?
Check all that apply.
These two changes would result in a temporary increase in output.
The decrease in the world price of crude oil would cause the SRAS curve to shift to the right.
The decrease in the world price of crude oil would cause the LRAS curve to shift to the left.
The increase in stock prices would cause the AD curve to shift to the right.
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