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For the Oil-Importing Countries, the Increases in Oil Prices in 1973-1974

Question 25

Multiple Choice

For the oil-importing countries, the increases in oil prices in 1973-1974 and 1979-1980 resulted in all of the following EXCEPT

A) balance of trade deficits.
B) price inflation.
C) constrained economic growth.
D) improving terms of trade.

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