In sharp contrast to the oil shocks of the 1970rsquos the, Business Economics

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In sharp contrast to the oil shocks of the 1970rsquos the

In sharp contrast to the oil shocks of the 1970’s, the price of oil substantially declined in the early part of the 1990’s.

a. Can this explain the good performance of both inflation and unemployment in the 1990’s?

b. What has been the probably effect on the natural rate of unemployment?

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Business Economics: In sharp contrast to the oil shocks of the 1970rsquos the

Reference No:- TGS01292342

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