The accepted wisdom is that the oil price hikes of the, Ask an Expert

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The accepted wisdom is that the oil price hikes of the 1970s resulted in global stagflation. It would seem to follow that the drop in oil prices would have the opposite effect on the US economy. Did it or didn’t it? If not, why not? Make sure to look at data showing both inflation rates, unemployment, and oil prices.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91872906

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