Business, 19.12.2019 00:31, marandasullivan

Oil priced in dollars and monetary policy. many worldwide oil producers quote their prices in dollars. suppose the united states engaged in an expansionary monetary policy that led to a dollar depreciation. suppose that producers outside the united states wanted to keep the price of oil that they sell to europe the same in real terms. how would the price of oil change?

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Oil priced in dollars and monetary policy. many worldwide oil producers quote their prices in dollar...