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

Question 124

Multiple Choice

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


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

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