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A good example of the AD-AS model is the increase in oil prices experienced by economies around the world starting in April of 2022. The
A good example of the AD-AS model is the increase in oil prices experienced by economies around the world starting in April of 2022. The increase in oil prices makes companies' production more expensive, which causes the short-run aggregate supply to shift to the left
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Macroeconomics Principles Applications And Tools
Authors: Arthur O Sullivan, Steven M. Sheffrin, Stephen J. Perez
7th Edition
978-0134089034, 9780134062754, 134089030, 134062752, 978-0132555234
