16. Assume that there are discoveries of new oil fields Which determinant? A AD or A AS?

Brief Principles of Macroeconomics (MindTap Course List)
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16. Assume that there are discoveries of new oil
fields
Which determinant?
A AD or A AS?
P
LRAS
SRAS
P₁
What happens to:
Price Level
Real GDP
Inflation
Unemployment
Economic Growth
AD
Y
YF
Transcribed Image Text:16. Assume that there are discoveries of new oil fields Which determinant? A AD or A AS? P LRAS SRAS P₁ What happens to: Price Level Real GDP Inflation Unemployment Economic Growth AD Y YF
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