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johnpaul92 johnpaul92
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8 years ago
You have just read that Australia has suffered a drought, destroying its wheat crop for this year. The effect of this adverse supply shock on Australia would probably be
A) an increase in prices, an increase in nominal interest rates, but a decrease in real interest rates.
B) a decrease in prices and a decrease in real interest rates.
C) an increase in prices and an increase in real interest rates.
D) a decrease in prices, a decrease in nominal interest rates, but an increase in real interest rates.
Textbook 
Macroeconomics

Macroeconomics


Edition: 8th
Authors:
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supamansupaman
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#1
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8 years ago
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johnpaul92 Author
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#2
8 years ago
Wow, you answered what I thought was impossible to answer, thank you!
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#3
8 years ago
Every little bit helps, right? Glad I solved your question
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