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The Three Oil Shocks the U

Question 20

Multiple Choice

The three oil shocks the U.S.experienced in 1973-1974,1979-1980 and 2007-2008 had a consistent result ________.


A) a decline in the MPK
B) a decline in the real rental price of capital
C) a decline in stock prices
D) all of the above
E) none of the above

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