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    Principles of Macroeconomics Study Set 12
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    Exam 12: Policy Effects and Cost Shocks in the Asad Model
  5. Question
    A Sudden Increase in the Price of Oil Causes a ________
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A Sudden Increase in the Price of Oil Causes a ________

Question 53

Question 53

Multiple Choice

A sudden increase in the price of oil causes a ________ inflation and ________ output.


A) demand-pull; lower
B) cost-push; higher
C) demand-pull; higher
D) cost-push; lower

Correct Answer:

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