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QUESTION
The price of imported oil fell dramatically in late 2008. What sort of macroeconomic shock would this be considered?
The price of imported oil fell dramatically in late 2008. What sort of macroeconomic shock would this be considered?
The price of imported oil fell dramatically in late 2008. What sort of macroeconomic shock wouldthis be considered?Answer:With a decrease in the oil prices, there is possibility of deflation in...