If OPEC were boosting oil prices, it would do so by restricting supply, which would mean *fewer* fully-loaded tankers shipping oil.
P
| \ /←/ S
P2 | \ / /
↑ | /\ /
P1 | / /\
| / / \D
+——|—|—— Q
q2←q1 https://t.co/L6PNxSwmsQ
When there is a stock market boon increasing household wealth, in the short run agg demand raises output above its natural rate. IN order to stabilize output the Fed would reduce MS and increase r to reduce agg demand #ECO2307