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(Solved): What does Leamer say about whether higher oil prices cause recessions? "You have to look pretty long ...



What does Leamer say about whether higher oil prices cause recessions? "You have to look pretty long and hard through colored glasses to come to the conclusion that oil prices predict recessions." "Otherwise there are lots of ups and downs of real crude prices that do not seem to bear any relationship with the recessions." "Ten of the 11 recessions in the United States since World War II have been preceded by an increase in oil prices." all of the above a. and b. only



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