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-In late 2007, oil prices increased sharply and labor productivity growth declined: These two factors should: A. shift the short-run aggregate supply curve up (to

-In late 2007, oil prices increased sharply and labor productivity growth declined: These two factors should:

A. shift the short-run aggregate supply curve up (to the left).

B. shift the short-run aggregate supply curve down (to the right).

C. shift the aggregate demand curve to the right.

D. shift the aggregate demand curve to the left.

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