Problems to ponder


Question:

Problem in the "Problems to Ponder" section at the end of chapter 9 asks about the oil price increase from 1973-1980. We have also seen this in 2005 and 2010, although not as dramatic a price increase.

Please answer the questions in this problem. Discuss.

It needs to be at least 200 words and APA style which include reference.

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Macroeconomics: Problems to ponder
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