Oil price hikes
A) increase aggregate supply.
B) decrease aggregate supply.
C) increase aggregate demand.
D) decrease aggregate demand.
E) increase potential GDP.
Correct Answer:
Verified
Q223: Q224: A combination of recession and inflation is Q225: In reality,AD rarely _;however,the economy performs as Q226: Stagflation is a combination of _ real Q227: Reasons that the recession of 2008-2009 did Q229: When OPEC nearly tripled the price of Q230: At the beginning of 2015,a country is Q231: Potential GDP increased from 4.7 trillion to Q232: If the quantity of real GDP supplied Q233: If potential GDP increases,then in the figure![]()
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