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You are an economic advisor using the Fed model to analyze the economy. The price of oil - an important input to production - has
You are an economic advisor using the Fed model to analyze the economy. The price of oil - an important input to production - has been rising. As a result, you'd predict that the real interest rate will [ Select ] (rise, fall, remain unchanged) , real GDP will [ Select ] (rise, fall, remain unchanged) , and that there will be [ Select ] (unexpected inflation, unexpected deflation, no change in unexpected level of inflation)
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