Question: Suppose that there is a significant increase in the amount of oil due to discovery of oil reserve and its extraction. Which of the following

Suppose that there is a significant increase in the amount of oil due to discovery of oil reserve and its extraction. Which of the following statements about the effect of this change is false? Group of answer choices Both SRAS and LRAS will shift to the right. There will be an increase in both equilibrium GDP and potential GDP. There will be a deflation both in the short run and in the long run. There will be a recession in the short run

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