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Impact of Oil Prices on GDP: impact of oil price reduction on short run aggregate supply, effect of oil prices in the economy of developed countries, Impact of changes in oil prices among oil-producing countries, OPEC

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Product Description

Title: Impact of Oil Prices on GDP

Contents

1. Discussion: Impact on both net importers and exporters

2. Diagram on impact of oil reduction

3. Discussion of the diagram on the impact of oil price reduction on short run aggregate supply. There is a discussion of effect of oil prices in the economy of developed countries, most notably, Japan and the United States

4. Discussion: Impact of changes in oil prices among oil-producing countries, Organization of the Petroleum Exporting Countries (/OPEC)

Word count: 424


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