Economics.

Explain what the effect will be on quantity and price.
December 24, 2020
Did the financial crisis raise the equilibrium price level, lower the equilibrium price level, or have an ambiguous effect?
December 24, 2020

Here are several economic events that could potentially help trigger a recession. Say which category each one falls into: negative supply shift, negative demand shift, inflation fighting, or problems in financial markets.  a) War in the Middle East destroys oil fields in Saudi Arabia. b) China suddenly cuts off exports to the United States. c) Inflation accelerates sharply to 10 percent a year. d) Mortgages become much harder to get because banks become less willing to lend.