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October 4, 2021

Effects of Oil Prices to the United States Economy

Economics, Undergraduate

Write about the effects of oil prices on the US Economy in terms of:

1) opportunity cost
2) monetary policy
3) aggregate demand
4) full employment
5) incorporate the COVID-19 pandemic

Here are some sites to reference, you can also use your own as long as there are (3) references.

https://www.cnn.com/2020/03/09/business/oil-prices-us-economic-impact/index.html

https://www.bls.gov/opub/mlr/2020/article/from-the-barrel-to-the-pump.htm

https://www.eia.gov/energyexplained/oil-and-petroleum-products/prices-and-outlook.php

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