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Suppose the economy is in long-run equilibrium when the real price of oil rises

Suppose the economy is in long-run equilibrium when the real price of oil rises. Which one of the following is not a short-run effect of this situation?

(A) a decrease in consumer spending
(B) an increase in the general price level
(C) a decrease in real GDP
(D) an increase in real GDP above long-run real GDP
(E) an increase in unemployment

May 29 2018 Read more Less More

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