Choose one of the scenarios below and write a three-paragraph essay describing its effect
on p...
Choose one of the scenarios below and write a three-paragraph essay describing its effect
on prices for food, housing, and oil. remember that the future is always uncertain, so there's
no right answer. make your best guess as to what might happen in each case based on the
economic concepts you've learned so far. pay particular attention to how consumer demand
would change and how the event would affect production costs and the business cycle. (30
points)
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