Examlex
Find the exact value of the expression.
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Oil Price
The cost per barrel of crude oil as determined by global markets.
Favorable Supply Shock
An unexpected event that increases the supply of a product or service, leading to a lower equilibrium price and/or an increase in the equilibrium quantity.
Inflation
The pace at which prices for goods and services generally ascend, causing buying power to decline.
Stagflation
A period of falling output and rising prices.
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