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According to Aggregate Demand and Supply Analysis,the Rising Oil Prices

question 11

Multiple Choice

According to aggregate demand and supply analysis,the rising oil prices coupled with the global financial crisis in 2007-2008 caused the unemployment rate to ________ and the level of real aggregate output to ________.


Definitions:

Demonstration

A visual or practical presentation showing how a product or service works or its benefits.

Probability

The measure of the likelihood that an event will occur, quantified as a number between 0 and 1.

Spontaneity

Acting on impulse rather than planning in advance, characterized by sudden and unplanned actions.

Professional Salespeople

Individuals who specialize in selling products or services, often using expert knowledge and skills to meet their customers' needs and achieve sales targets.

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