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Suppose the price of crude oil increases. The AS curve would shift ___, leading to a/an_in the price level and a/an ___in output and income.

Suppose the price of crude oil increases. The AS curve would shift _____, leading to a/an_____in the price level and a/an _____in output and income.

a.left; increase; fall

b.right; decrease; rise

c.upward along the AS curve; increase; increase

d.left; decrease; increase

Clear my choice

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