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    Essential Foundations of Economics Study Set 1
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    Exam 19: Aggregate Supply and Aggregate Demand
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    If Oil Prices Increase,then in the Short Run,real GDP Will
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If Oil Prices Increase,then in the Short Run,real GDP Will

Question 229

Question 229

Multiple Choice

If oil prices increase,then in the short run,real GDP will ________ and the price level will ________.


A) increase;rise
B) increase;fall
C) decrease;rise
D) decrease;fall
E) not change;rise

Correct Answer:

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