Multiple Choice
A crisis in the Middle East drastically raises the price of petroleum.If the aggregate demand curve does NOT shift,then aggregate supply will ________,real GDP will ________,and the price level will ________.
A) decrease;decrease;increase
B) increase;remain the same;increase
C) decrease;remain the same;decrease
D) remain the same;increase;increase
E) increase;increase;increase
Correct Answer:
Verified
Correct Answer:
Verified
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