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In this new era of economic growth, the exceptional increase in the crude oil prices is one of the significant developments that affecting the global economy. Crude oil is an important raw material used for manufacturing many goods, so that an extraordinary increase in the price of oil is bound...
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figures are incompatible with stable economic growth and low inflation over the medium and long term. In an MMT … higher nominal income and inflation. When the amount of money in the economy is too large for too long, there will inevitably … stability and low inflation altogether and effectively moving towards the adoption of an MMT paradigm or taking the necessary …
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