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Falling Oil Prices Create Winners and Losers (Page One Economics)

Oil prices affect the U.S. economy in many ways. For example, fluctuations in the price of oil can influence inflation, unemployment, and disposable income. Some local economies with close ties to the oil industry, however, are affected even more directly in both positive and negative ways. The May 2015 issue covers one recent example of the local impact of oil prices.

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Audience:   High School, Consumers, College
Language:   English
Subjects:   AP Economics, Economics
Resource Types:   Publications, Lessons
Concepts:   Factors of Production/Productive Resources, Scarcity, Employment