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Suppose That Political Instability in the Middle East Interrupts the Supply

Question 160

Multiple Choice

Suppose that political instability in the Middle East interrupts the supply of oil. The _____ curve shifts _____, output _____, and prices _____.


A) short-run aggregate supply; right; increases; decrease
B) short-run aggregate supply; left; decreases; increase
C) aggregate demand; left; decreases; decrease
D) aggregate demand; right; increases; increase

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