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People Expect That the El Nino Effect Will Cause Drought

Question 274

Multiple Choice

People expect that the El Nino effect will cause drought in Australia in coming years.If most Australian firms expect their profits will fall during the next five years,Australia's ________ this year.


A) aggregate demand will increase
B) long-run aggregate supply will increase
C) aggregate demand will decrease
D) short-run aggregate supply will increase

Correct Answer:

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