Term paper about oil spill

In the longer term, the most pressing economic challenges for the . economy concern how to provide satisfactory living standards growth for the vast majority of people. Such growth requires two components: rapid overall productivity growth, and a stabilization (or even reversal) of the large rise in income inequality that occurred in the three decades before the Great Recession, a rise in inequality that kept overall productivity growth from translating into living standards growth for most Americans.

Therefore, provided all other factors being equal, oil prices need to double from that level to $130 a barrel for declining oil exports to be revenue neutral.

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