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Scenario Suppose that in 2021, the effects of a housing and financial crisis and an increase in world prices of oil and foodstuffs were affecting
Scenario Suppose that in 2021, the effects of a housing and financial crisis and an increase in world prices of oil and foodstuffs were affecting the economy. Refer to Scenario. In the short run the housing and financial crises Group of answer choices raised both the price level and output. reduced both the price level and output. raised the price level and reduced output. reduced the price level and raised output
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