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Starting at long run equilibrium what will happen if oil/energy prices significantly decrease Question 33 options: A. in the short run, the AS curve will
Starting at "long run equilibrium" what will happen if oil/energy prices significantly decrease Question 33 options: A. in the short run, the AS curve will shift to the right the economy will produce above its natural level and unemployment will rise; in the long run the AS curve will shift to the left, increasing the "price level" to its original level and returning the economy to its "natural" level of output and employment B. in the short run, the AS curve will shift to the left the economy will produce above its natural level and unemployment will fall; in the long run the AS curve will shift to the right, increasing the "price level" to its original level and returning the economy to its "natural" level of output and employment C. in the short run, the AS curve will shift to the right the economy will produce above its natural level and unemployment will fall; in the long run the AS curve will shift to the left, further decreasing the "price level" to its original level and returning the economy to its "natural" level of output and employment D. in the short run, the AS curve will shift to the right the economy will produce above its natural level and unemployment will fall; in the long run the AS curve will shift to the left, increasing the "price level" to its original level and returning the economy to its "natural" level of output and employment
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