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Econ202-4-2-08lecture - Current Economic Troubles...

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Current Economic Troubles Recessions and Depressions Inflation Coal and Energy. o 1973 $2.90 for a barrel of oil. o 2008 $105 “ Housing Market o foreclosures. Homelessness o Second Highest per capita yet 3 million homeless in the richest country in the world. Poverty Economics of War o What did we achive? Why did we enter the war? o War for oil. Economic Policies of Democrats and Republicans o Republicans
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