Under U.S. law, it is not legal for firms to export crude oil from domestic wells. Assuming

Question:

Under U.S. law, it is not legal for firms to export crude oil from domestic wells. Assuming the U.S. has now developed a large oil-producing industry, how would removing the export restriction affect aggregate demand? Who do you think might benefit from the export ban?
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Macroeconomics Principles Applications and Tools

ISBN: 978-0134420684

9th edition

Authors: Arthur O'Sullivan, Steven Sheffrin, Stephen Perez

Question Posted: