Question
OPEC has raised oil prices by 15%.In the long-run, this will a.shift AD curve to the left (decrease) and real GDP will decrease. b.have no
OPEC has raised oil prices by 15%.In the long-run, this will
a.shift AD curve to the left (decrease) and real GDP will decrease.
b.have no effect on real GDP.
c.shift AS curve to right (increase), and real GDP will increase.
d.shift AS curve to the left (decrease) and real GDP will decrease.
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Mathematical Economics
Authors: Wade Hands, D Wade Hands
2nd Edition
0195133781, 9780195133783
