oil price shocks

Project Description:

oil price shocks
both the long-run aggregate supply curve and the short-run aggregate supply curve shift in response to changes in the availability of labor or capital or to changes in technology and productivity. a widespread temporary change in the prices of factors of production, however, can cause a shift in the short-run aggregate supply curve without affecting the long-run aggregate supply curve.

suppose there is a temporary but significant increase in oil prices in an economy with an upward-sloping short-run aggregate supply (sras) curve. if policymakers wish to prevent the equilibrium price level from changing in response to the oil price increase, should they increase or decrease the quantity of money in circulation? why?
remember to adhere to apa guidelines, standards, and formatting.

1.5 pages long
Skills Required:
Project Stats:

Price Type: Negotiable

Total Proposals: 6
1 Current viewersl
67 Total views
Project posted by:


Proposals Reputation Price offered
  • 4.8
    215 Jobs 139 Reviews
    $0 in 0 Day
  • 4.5
    11 Jobs 8 Reviews
    $0 in 0 Day
  • 4.8
    405 Jobs 248 Reviews
    $15 in 0 Day
  • 4.7
    18 Jobs 11 Reviews
    $0 in 0 Day
  • 4.9
    69 Jobs 54 Reviews
    $0 in 0 Day