notchasedeibel7813 notchasedeibel7813
  • 25-11-2022
  • Business
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Refer to Figure 13.3. Assume the economy is at Point A. Higher oil prices shift the aggregate supply curve to AS2. If the government decides to counter the effects of higher oil prices by increasing government spending, then the price level will be ________ than P2 and output will be ________ than Y2.
greater; greater

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