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During the 1970s, Some Countries Stopped Oil Sales to the United

Question 101

Multiple Choice

During the 1970s, some countries stopped oil sales to the United States. As petroleum prices rose


A) both aggregate supply and the aggregate price level fell.
B) both aggregate demand and the aggregate price level fell.
C) aggregate supply fell, and the aggregate price level rose.
D) both aggregate demand and the aggregate price level rose.

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