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Economics - Financial Markets 9 Online
OpenStudy (anonymous):

New oil reserves have been discovered in Country A. This will have the following effect:

OpenStudy (anonymous):

Since new oil reserves has been discovered, the total quantity of resources an economy has increases. This shifts the SRAS and LRAS curves to the right. Now the GDP potential of the economy has increased, so at full employment it can release even more output. The economy experiences economic growth.

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