EDEXCEL IAL Topical Past Paper Unit 2 2.3.2 Short-run AS (SRAS) Return to topics list Show Section A Show Section B Show Section D section A Section B WEC12/01/Jan 2023Between May 2020 and March 2022 the global oil price increased from $39 a barrel to $106 a barrel.Evaluate the view that very high global oil prices will always harm a country’s macroeconomy. [20 marks]
