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According to Aggregate Demand and Supply Analysis,the Rising Oil Prices

Question 11

Multiple Choice

According to aggregate demand and supply analysis,the rising oil prices coupled with the global financial crisis in 2007-2008 caused the unemployment rate to ________ and the level of real aggregate output to ________.


A) increase;increase
B) increase;decrease
C) decrease;increase
D) decrease;decrease

Correct Answer:

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