The United States is the second-largest oil importer in the world (just recently surpassed by China), importing

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The United States is the second-largest oil importer in the world (just recently surpassed by China), importing an average of 5 million barrels of crude oil per day in 2014. Go to www.inflationdata.com to look up crude oil prices for the past 5 years; then go to www.bea.gov to look up the U.S. net international investment position (NIIP) for the past 5 years. Does there appear to be a relationship between the price of crude oil and the U.S. net international investment position? Briefly explain the results of your findings.

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Principles of Macroeconomics

ISBN: 978-0134078809

12th edition

Authors: Karl E. Case, Ray C. Fair, Sharon E. Oster

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