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Mandolina Mandolina
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7 years ago
A supply shock such as an increase in the price of imported oil would tend to
A) reduce equilibrium GDP and the price level.
B) increase both equilibrium GDP and the price level.
C) reduce both unemployment and inflation.
D) generate unemployment but lower the price level.
E) increase unemployment while also raising the price level.
Textbook 
Introduction to Economic Reasoning

Introduction to Economic Reasoning


Edition: 8th
Author:
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hecosmetichecosmetic
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7 years ago
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Mandolina Author
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#2
7 years ago
Wwow, couldn't thank you enough
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