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Multiple choice Class homework Multiple choice 51. By itself, a supply shock (such as a hike in the price of oil) can: A. cause a

Multiple choice

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Class homework Multiple choice 51. By itself, a supply shock (such as a hike in the price of oil) can: A. cause a persistent increase in short-run aggregate supply. B. be inflationary as long as there is no policy response. C. not cause inflation. D. cause real GDP to permanently decrease yea r-after-yea r. E. cause a wage price spiral

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