In the 1970s, OPEC caused a dramatic increase in the price of oil. In the 1980s, the

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In the 1970s, OPEC caused a dramatic increase in the price of oil. In the 1980s, the price of oil fell dramatically.

What do you think might have prevented it from maintaining a high price through the 1980s?

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Economics

ISBN: 124344

2nd Edition

Authors: N. Gregory Mankiw

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Question Posted: Nov 02, 2024 07:00 AM

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In the 1970s, OPEC caused a dramatic increase in the price of oil. In the 1980s, the price of oil fell dramatically. What do you think might have prevented it from maintaining a high price through...
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In the 1970s, OPEC caused a dramatic increase in the price of oil. In the 1980s, the

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Economics

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