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    Exam 23: Aggregate Demand and Supply Analysis
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    The Increase in Energy Prices That Occurred in 2007-2008 Led
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The Increase in Energy Prices That Occurred in 2007-2008 Led

Question 48

Question 48

Multiple Choice

The increase in energy prices that occurred in 2007-2008 led to a ________ in the ________ aggregate supply curve.


A) fall; short run
B) fall; long run
C) rise; short run
D) rise; long run

Correct Answer:

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