Business, 16.11.2020 17:20 lexis1446

A positive oil shock: Suppose scientists discover a new way to extract oil from deposits that were previously thought to be unrecoverable. The extra supply of oil leads oil prices to decline. Explain the effect on wages, the employment-population ratio, and unemployment– all for the overall economy.

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A positive oil shock: Suppose scientists discover a new way to extract oil from deposits that were p...

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