Starting from short-run equilibrium, what happens to the average price level and RGDP if there is an

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Starting from short-run equilibrium, what happens to the average price level and RGDP if there is an increase in the barrel cost of oil and an increase in excess capital stock on hand? Group of answer choices Price level falls and the RGDP remains relatively constant Price level rises and the RGDP remains relatively constant None of the responses are correct RGDP rises and the price level remains relatively constant RGDP falls and the price level remains relatively constant

Posted Date: Jun 11, 2024 08:02 PM

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Starting from short-run equilibrium, what happens to the average price level and RGDP if there is an

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