Organization of petroleum exporting countries raises

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Suppose that the Organization of Petroleum Exporting countries raises oil prices by 50% What effect will this have on the U.S. aggregate demand curve? On the U.S. short-run aggregate supply curve?

Reference no: EM131196114

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Organization of petroleum exporting countries raises : Suppose that the Organization of Petroleum Exporting countries raises oil prices by 50% What effect will this have on the U.S. aggregate demand curve? On the U.S. short-run aggregate supply curve?
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