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An increase in the price of oil raises the cost of producing goods and services, and therefore: Select one: a. shifts the short-run AS curve
An increase in the price of oil raises the cost of producing goods and services, and therefore: Select one: a. shifts the short-run AS curve to the right b. improves the inflation-unemployment trade-off c. causes the long-run Phillips curve to shift to the right d. causes the short-run Phillips curve to shift to the right
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