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Homework answers / question archive / 1)If the price of oil increases
1)If the price of oil increases. Will AD or AS shift? And what happens to price and output?
2)If income taxes increases. Will AD or AS shift? And what happens to price and output?
3)If Canada imports more than we export. Will AD or AS shift? And what happens to price and output? Where AD and AS refers to the Aggregate demand and aggregate Supply respectively.
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