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Ohio Wesleyan University Goran Skosples 11. Oil Shocks of the 1970s and the Great Depression

Ohio Wesleyan University Goran Skosples 11. Oil Shocks of the 1970s and the Great Depression. Two case studies: Oil shocks of the 1970s The Great Depression. Supply shocks. A supply shock alters production costs, affects the prices that firms charge. (also called ____ shocks )

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