The following events have occurred at time in the history of the United States A deep recession hits the world economy. The world oil price rises…
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The following events have occurred at time in the history of the United StatesA deep recession hits the world economy.The world oil price rises sharply.U.S. businesses expect future profits to fall.Explain for each event whether it changes short-run aggregate supply, long-run aggregate supply, aggregate demand, or some combination of them.
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