Examlex
Using aggregate demand and aggregate supply analysis, explain why increases in oil did not lead to stagflation in 2006-2008 but did lead to stagflation in the 1970s and early 1980s.
Prime Rate
The interest rate that banks charge their most creditworthy customers, often used as a benchmark in lending rates.
Covert Collusion
A secret agreement between firms to fix prices or divide the market to limit competition, which is illegal in many jurisdictions.
Oligopolist
A market participant in an oligopoly, a market structure with a small number of firms dominating the industry.
Cigarette Industry
A sector focused on the manufacturing, marketing, and distribution of cigarettes, often scrutinized for health concerns related to smoking.
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