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Suppose the economy experiences a negative supply shock, such as a spike in oil prices. What happens to the AS/AD model? Question 4 options: SRAS

Suppose the economy experiences a negative supply shock, such as a spike in oil prices. What happens to the AS/AD model? Question 4 options: SRAS shifts to the left demand shifts to the left SRAS shifts to the right LRAS shifts to the left

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