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1. (From KMO Ch4.) In 1986, the price of oil on world markets dropped sharply. Since the United States is an oil-importing country, this was

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1. (From KMO Ch4.) 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 US economy. Yet in Texas and Louisiana, 1986 was a year of economic decline. Why

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