L10-Prof - OPEC stands for Was established in The purpose...

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SFU ECON102 Spring 2011 Lecture #10 recent events Notes for the video excerpts: Fiat currency = Fractional reserve banking system = Inflation = Inflation rate = 1
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Consumer price index (CPI) = Producer price index (PPI) = Core inflation = Notes for OPEC and the oil crisis of 1973:
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Unformatted text preview: OPEC stands for Was established in The purpose of OPEC is to Includes such countries as: 2 The oil crisis of 1973 – the chronology of events: Effects of oil crisis: 1. On the US: 2. On other parts of the world: 3. The effects on the market for oil: 4. Long-run effects: 3...
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L10-Prof - OPEC stands for Was established in The purpose...

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