(Answered) During 2000-2004 the price of crude oil increased

Economics

During 2000-2004, the price of crude oil increased substantially on the world market. Other things constant, how will an unanticipated increase in oil prices influence the general level of prices and real output of oil-importing nations such as the United States and Japan?

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Macroeconomics, Economics

Category:- Macroeconomics
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