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The graph below reflects a significant increase in world oil prices. What will the impact on aggregate supply most likely lead to ? Price Level
The graph below reflects a significant increase in world oil prices. What will the impact on aggregate supply most likely lead to
Price
Level
AS
AS
P
Pi
Y VI
AD
Real National
Income
a decrease in the natural unemployment rate
an increase in economic growth
less inflationary pressures
an increase in input prices
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