In the 1970s, the world price of oil was driven upward due to an increase in demand.
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Q96: Which of the following statements concerning the
Q97: Figure 12.4 Q98: New production technology discourages investment spending because Q99: Net exports are equal to imports minus Q100: Investment spending is negatively related to changes Q102: One of the goals of macroeconomic policy Q103: A change in both the domestic price Q104: The substitution effect, based on relative commodity Q106: Suppose an increase in investment spending results Q122: In the long run, increased government spending
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