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Not sure if my answers are correct. MACROECONOMICS QUESTION 7 Which of the following is the most appropriate explanation of a price shock? O A

Not sure if my answers are correct. MACROECONOMICS

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QUESTION 7 Which of the following is the most appropriate explanation of a price shock? O A large shift in the AD curve A large shift in the aggregate expenditure line O A shift in potential GDP A large change in a key commodity price O) A shift in the monetary policy rule line QUESTION 8 The short-run effect of an oil price increase is O an upward shift of the inflation adjustment line and a leftward shift of the aggregate demand curve as the Fed lowers the target inflation rate. an upward shift of the inflation adjustment line and a leftward shift of the aggregate demand curve as spending falls. a downward shift of the inflation adjustment line. an upward shift of the inflation adjustment line

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