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Old 02-12-2004, 02:35 AM
Gary Sheynkman
Oracle
Join Date: Feb 2004
Posts: 817
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Default OPEC

So opec (organization of petrolium exporting countries) is raising oil prices by 10%. Lets hope someone will give us oil that is not in opec (russia did after 911...or we would have been screwed). My macroeconomics teacher tied this in with GDP...this will increase the prices of the factors of production...thus creating unemployment....thus increasing the price level creating inflation and lowering the GDP 8O

Lets hope George can cut some kind of deal
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