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    Exam 9: Aggregate Supply and Macroeconomic Equilibrium
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    What Would Happen to the Price Level,real Output,and Unemployment in the Short
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What Would Happen to the Price Level,real Output,and Unemployment in the Short

Question 152

Question 152

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What would happen to the price level,real output,and unemployment in the short run if world oil prices rose sharply?

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The price level would increase...

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