Assignment Task: Individual Report
(This assignment comprises 50% of the final mark for this module)
You should answer the question in report form with introduction, main body
Global oil prices have fallen sharply over the past year, leading to
significant revenue shortfalls in many energy exporting nations, while
consumers in many importing countries are likely to have to pay less to
heat their homes or drive their cars.
Question: How oil prices affect the AD or AS of an economy?
Please select one of the below:
1) The petrol exporting nations
2) Petrol importing nations