Economy 320 Money And Banking

Running Head : America s EconomyAmerica s EconomyIn APA StyleNameInstitution High Gas Prices could slow up Recovery . By Clifford Crauss : The New York Times . June 8 , 2009SummarySources are indicating that there may be a problem in the refineries in the Midwest regions where most of the Oil products in the destroy of America is supplied from . This resulted to a sudden shoot in the prices accorded to the oil products . The refinery problem has resulted to a challenging situation since the manufacturers of gasoline wealthy person sharply resulted to reducing their production since the lack of the inputs inhibits their processes . It is argued though by economists that it may be a smell towards the betterment of the consumers disbursal as the government is desperately fighting to see its citizens exercise the new vehicles in the market that only consume a limited supply of gas according to Ann Karen , a newsman from Chicago .

Increasing the prices of gas will therefore event people into buying the vehicles that consume limited amount of fuelOpinionThe step is a well calculated economic strategy though it tightly closes doors to the effects that will be felt by the other sectors in the economy whose production are hooklike to the production of gas . These producers will be forced to join on the prices of their products to cater for the increased levels of expenses . According to Dixit (75 ) this will consequently feed the consumers of the products shy away from the consumption...If you want to get a dependable essay, order it on our website: Orderessay

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