Yuliya Demyanyk, Charlotte Ostergaard, Bent E. Sorensen
Once banking markets were opened up to geographic diversity and competition, more banks were in a better position to lend money to small businesses—even in tough times.
The rapid growth in China and India has led to an increase in demand for oil, which, in turn, has driven up prices. After adjusting for inflation, a barrel of oil today costs about what it did during the 1979 oil shock.
Susan C. Thomson
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