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A Crisis in the Middle East Drastically Raises the Price

Question 159

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) increase;remain the same;increase
B) decrease;decrease;increase
C) increase;increase;increase
D) remain the same;increase;increase
E) decrease;remain the same;decrease

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