The Sensitivity of (he General Price Level to Changes in the Price of Crude Oil

Klein, Lawrence R.; Duggal, Vijaya G.; Saltzman, Cynthia
October 2005
Business Economics;Oct2005, Vol. 40 Issue 4, p74
Academic Journal
This article discusses the sensitivity of the general price level to changes in the prices of crude oil. Since there are many direct and indirect effects of changing crude oil prices on the inflation rate, it is not surprising that there are different views about the resulting effects on the general price level and also on other aspects of the general economy.


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