__172.20.40.61_Materials_hjackson-0013_EXAM1Wtr10[1]

__172.20.40.61_Materials_hjackson-0013_EXAM1Wtr10[1] - ECON...

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First short analysis paper Due: Friday, January 22 nd at the beginning of class (9:30 am) Points: 100 U.S. Trade Balance and demand/supply of Oil Read the New York Times article : Hernandez, Javier C. “Imports Rose as Trade Deficit Widened in November” January 13 th , 2010, New York Times online and Krauss, Clifford “Cold and Signs of a Stronger Economy Drive Oil above $81” January 4 th , 2010, New York Times online Answer the following in a short essay (2-3 word processed pages double spaced). The demand/supply model is useful for the study of macroeconomics to examine the effects or impact of certain sectors (oil) on the economy as a whole Using the demand and supply model from chapter 3 in your textbook, describe the factors that have led to an increase in the price of oil to $81 per barrel (early Jan 2010). You should describe the events as well as draw a properly labeled diagram showing your
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__172.20.40.61_Materials_hjackson-0013_EXAM1Wtr10[1] - ECON...

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