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Starting with AD1 and AS1 in the Graph Below, If

question 37

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Starting with AD1 and AS1 in the graph below, if the world price of oil rises, then in the short run: Starting with AD<sub>1</sub> and AS<sub>1</sub> in the graph below, if the world price of oil rises, then in the short run:   A)  output stays the same and prices fall B)  output decreases and prices fall C)  output decreases and prices rise D)  output increases and prices rise E)  output stays the same and prices rise


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