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The Negative Supply Shock of 2007,compared to the Shocks in 1973

Question 45

Multiple Choice

The negative supply shock of 2007,compared to the shocks in 1973 & 1979,involved ________.


A) a larger decrease in aggregate demand
B) larger decreases in the real interest rate
C) smaller decreases in aggregate supply
D) larger increases in the real interest rate

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