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

Question 247

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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