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Abstract: This 8 page paper discuses the impact of OPEC's decisions on the American economy. The essay begins by identifying the member nations, the purposes of OPEC and its world market share. The author then goes on to explain and demonstrate how oil price increases have had a negative effect on the U.S. economy, in fact, leading to recessions. Bibliography lists 6 sources.
Catagory:
Subcatagory: Economics And Economic Theory
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