Illustrate whats happening to oil prices in the World View. (a) Which curve shifted? (b) Which direction

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Illustrate what’s happening to oil prices in the World View. 

(a) Which curve shifted?

(b) Which direction did that curve shift (left or right)?

(c) Did price (A) increase or (B) decrease?

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The Macro Economy Today

ISBN: 978-1259291821

14th edition

Authors: Bradley R. Schiller, Karen Gebhardt

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