If OPEC temporarily restricted the world output of oil, what would happen to short- and long-run aggregate

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If OPEC temporarily restricted the world output of oil, what would happen to short- and long-run aggregate supply? What would happen if the output restriction was permanent?

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Exploring Economics

ISBN: 9781544336329

8th Edition

Authors: Robert L. Sexton

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Question Posted: Jan 20, 2023 01:36 AM

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If OPEC temporarily restricted the world output of oil, what would happen to short- and long-run aggregate

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A temporary oil output restriction would temporarily increase oil energy input prices ...View the full answer

Exploring Economics

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