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  3. Study Set
    Principles of Macroeconomics Study Set 12
  4. Exam
    Exam 11: The Determination of Aggregate Output, the Price Level, and the Interest Rate
  5. Question
    An Increase in Oil Prices Will Increase the Equilibrium Price
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An Increase in Oil Prices Will Increase the Equilibrium Price

Question 110

Question 110

True/False

An increase in oil prices will increase the equilibrium price level and decrease aggregate output, ceteris paribus.

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