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    Exam 9: From the Short to the Medium Run: the Is-Lm-Pc Model
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    What Is the Major Reason for Oil Price to Go
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What Is the Major Reason for Oil Price to Go

Question 10

Question 10

Multiple Choice

What is the major reason for oil price to go up in the 1970s?


A) formation of the OPEC
B) fast of growth of emerging economies
C) new energy
D) higher demand from the US

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