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An examination of the effects of gas prices on the economy.
From the Paper:"Rising costs of gas affect the economy and everyone in it, including business and consumer members, as well as the general population. According to the EIA, from ... to ... energy prices decreased, boosting the economy. If this had not taken place, steady prices would have reduced the growth rate of GDP by .... percentage points. Following this period, energy prices first rose dramatically and then declined again. Over this four-year period, steady energy prices could have boosted GDP growth by ... percentage points..."
Cite this Term Paper:
Gas Prices (2008, December 01) Retrieved February 02, 2023, from https://www.academon.com/term-paper/gas-prices-125351/
"Gas Prices" 01 December 2008. Web. 02 February. 2023. <https://www.academon.com/term-paper/gas-prices-125351/>