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AD-AS & Phillips — Inflation & Disinflation: True, False or Uncertain? #Shorts
True, False, or Uncertain? Test yourself on AD-AS & Phillips. Statement: A massive surge in global oil prices shifts the Aggregate Demand curve directly to the left. Answer: FALSE An oil spike is a negative supply shock, shifting the SRAS curve left, not AD. Subscribe to Macro Economics with Michael for more. #Shorts #Economics #Macroeconomics ...
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