Answer to Question #241222 in Economics for shaesha

Question #241222
Assuming a fall in the price of oil, use the AD-AS framework to explain the impact on prices,
employment and income
1
Expert's answer
2021-09-23T17:36:43-0400

As a result of a fall in the price of oil, the aggregate supply will decrease, so the price level will increase, employment and income will decrease.


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