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6 October, 09:35

Assume the economy is at full employment. Which of the following would you expect,

if oil prices suddenly decreased?

a.) a recession

b.) a decrease in employment below its full-employment level

c.) an increase in employment above its full-employment level

an economic contraction

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Answers (1)
  1. 6 October, 09:54
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    a decrease in employment below its full employment level
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