A sharp fall in oil prices will cause a(n) _____________; a sudden increase in the wages demanded

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A sharp fall in oil prices will cause a(n) _____________; a sudden increase in the wages demanded by workers will cause a(n) _____________.

a. recessionary gap; inflationary gap

b. recessionary gap; recessionary gap

c. inflationary gap; inflationary gap

d. inflationary gap; recessionary gap

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Exploring Macroeconomics

ISBN: 9781111970314

5th Edition

Authors: Robert L. Sexton

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Question Posted: Oct 29, 2024 08:01 AM

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A sharp fall in oil prices will cause a(n) _____________; a sudden increase in the wages demanded

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Exploring Macroeconomics

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