QUESTION 9 The graph below reflects a significant increase in world oil prices. What will the impact on aggregate supply most likely lead to? AS' AS Price Level P₂ P₁ Y2 Y. AD Real National Income a. an increase in economic growth O b. an increase in input prices O c. a decrease in the natural unemployment rate O d.less inflationary pressures
QUESTION 9 The graph below reflects a significant increase in world oil prices. What will the impact on aggregate supply most likely lead to? AS' AS Price Level P₂ P₁ Y2 Y. AD Real National Income a. an increase in economic growth O b. an increase in input prices O c. a decrease in the natural unemployment rate O d.less inflationary pressures
Chapter17: The Trade-off Between Inflation And Unemploy
Section: Chapter Questions
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