According to the AD-AS model,the short-run impact of a temporary increase in oil price is ___________;output ___________ and the price level ___________.
A) positive;increases;decreases
B) negative;increases;increases
C) negative;decreases;increases
D) positive;decreases;increases
E) negative;decreases;decreases
Correct Answer:
Verified
Q82: The AD-AS model in the diagram above
Q83: Some European countries such as Ireland have
Q84: Stagflation is a combination of
A) a recessionary
Q85: One reason why the AD-AS model became
Q86: The AD-AS model predicts that,in a country
Q88: The AD-AS model predicts that,in a country
Q89: During a period of stagflation,
A) output falls
Q90: In the AD-AS model,stagflation does not persist,because
Q91: Starting from the initial long-run equilibrium at
Q92: If European countries such as Ireland are
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