Q1. What does monumental architecture imply about the cultural values and the socio-economic-political organization of the society that created it?
Q2. In 2008, the price of oil rose sharply on world markets. What impact would you expect there to be on the aggregate price level and on real GDP? Exemplify answer with aggregate supply and demand curves. What would you expect to be the effect on interest rates if the Fed held the money supply constant?