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18. Consider Figure 12.14 below, which shows the price of oil from January 2005 -December 2010. What are the impacts of this on the macroeconomy?

18. Consider Figure 12.14 below, which shows the price of oil from January 2005 -December 2010. What are the impacts of this on the macroeconomy? In particular, which macroeconomic relationship does this impact? Explain. Figure I214: Percent Change Of! Pn'ce

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