Question: Discuss the question and explain it Discuss the causes behind the recent (March 2020) decline in oil price. What are the consequences of this shock

Discuss the question and explain it

Discuss the causes behind the recent (March 2020) decline in oil price. What are the consequences of this shock for GDP in oil importing and oil exporting countries? Explain using the ISLM model why the energy exporters would experience a rapid weakening of their national currencies.

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