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Loraine Loraine
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8 years ago
At the beginning of 2015, a country is at full-employment. During 2015, oil-producing countries decrease oil production leading to much higher oil prices. The higher oil prices can
A) increase aggregate demand and lead to an expansion.
B) increase aggregate supply and lead to an expansion.
C) decrease aggregate demand and lead to a stagflation.
D) decrease aggregate supply and lead to a stagflation.
E) decrease aggregate demand and lead to a higher price level.
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
Read 383 times
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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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SydnieSydnie
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8 years ago
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Loraine Author
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8 years ago
Just got PERFECT on my quiz
shelbycox
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Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
TheMoffattMan
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2 hours ago
Brilliant ツ
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