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You are an economist working for a reputable private sector firm. Alternative energy sources have made tremendous progress, and oil prices are forecasted to keep
You are an economist working for a reputable private sector firm. Alternative energy sources have made tremendous progress, and oil prices are forecasted to keep declining for the next 5 years. Oil supply remains strong during that period. Assuming you are a citizen of a net oil-exporting economy, given these circumstances, what would be the impact on:
Inflation
Private Consumption
Unemployment
Monetary Supply
Balance of Payments
Gross Domestic Product (Oil)
Gross Domestic Product (non-oil)
plz answer correct
((short answer))
thank u
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