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Displaying (1) Comments | Comment on this piece | Report objectionable art
RE: Using Keynesian theory, you're tnialkg cost-push inflation.If I remember correctly, in 1972 a gallon of gas went from ~$0.25 to ~$1.30, which promoted higher fuel economy standards. The air quality standards were already underway, but fuel efficiency suddenly became very important.Once again going by memory, in 1979 the Iran/Iraq war restricted the supply of Oil, and stagflation set in.Right now inflation is non-existent, so stagflation isn't an issue. Rate this comment: 0 0
By: | Oct 23, 2015 | Report Comment
can_u_top_this
margaretz
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