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According to the AD-AS Model,the Short-Run Impact of a Temporary

Question 29

Multiple Choice

According to the AD-AS model,the short-run impact of a temporary drop in oil prices is __________;output ___________ and the price level ___________.


A) positive;increases;increases
B) positive;decreases;increases
C) positive;increases;decreases
D) negative;decreases;increases
E) negative;decreases;decreases

Correct Answer:

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