By itself, a supply shock, such as a hike in the price of oil, can Group of

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By itself, a supply shock, such as a hike in the price of oil, can Group of answer choices not result in persisting inflation. result in a persisting wage-price spiral. be inflationary as long as there is no policy response. cause real GDP to permanently decrease year after year. result in persisting inflation if aggregate supply persistently increases

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By itself, a supply shock, such as a hike in the price of oil, can Group of

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