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During 2008-2009, Falling Oil Prices

Question 49

Multiple Choice

During 2008-2009, falling oil prices


A) shifted the Canadian short-run aggregate supply curve dramatically to the right.
B) shifted the Canadian aggregate demand curve to the left.
C) shifted the Canadian aggregate demand curve to the right.
D) shifted the Canadian aggregate supply curve to the left.
E) shifted the Canadian long-run aggregate supply curve to the right.

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