1. In 1986, the price of oil on world markets dropped sharply. Since the United States is...

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1. In 1986, the price of oil on world markets dropped sharply. Since the United States is an oil-importing country, this was widely regarded as good for the U.S. economy. Yet in Texas and Louisiana 1986 was a year of economic decline. Why?

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International Economics Theory And Policy

ISBN: 9780321116399

6th Edition

Authors: Paul R. Krugman, Maurice Obstfeld, Marc Melitz

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Question Posted: Oct 01, 2024 11:00 AM

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1. In 1986, the price of oil on world markets dropped sharply. Since the United States is...

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International Economics Theory And Policy

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