After an unexpected increase in the price of oil, the long run adjustment_____ the price level and_____the unemployment rate as they return to original levels.

a- decreases, increases
b- increases, increases
c- increases, decreases
d- decreases, decreases

a?

Similar Questions
    1. answers icon 1 answer
    1. answers icon 1 answer
  1. In the Classical​ Model, an increasein aggregate demand will result in A. a decrease in both the price level and output. B. a
    1. answers icon 3 answers
  2. Monetarists believe that an increase in the money supply will lead to:A. An increase in the price level B. An increase in
    1. answers icon 1 answer
more similar questions