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    Economics Principles and Policy Study Set 1
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    Exam 27: Bringing in the Supply Side: Unemployment and Inflation
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    The Price of Imported Oil Decreased in 2001
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The Price of Imported Oil Decreased in 2001

Question 140

Question 140

Multiple Choice

The price of imported oil decreased in 2001.How did this affect the aggregate supply curve?


A) It became steeper.
B) It became flatter.
C) It shifted inward.
D) It shifted outward.

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