THE MACROECONOMIC EFFECTS OF WORLD CRUDE OIL PRICE CHANGES
Dr. Ercan Ekmekcioglu

Abstract
This paper will entirely focus on crude oil and how it affects the entire world. Crude oil is one of the precious and highly demanded commodity in the entire world since it affects transport which is one of the most important and effective parameter within the entire world.Through the recent rise in price of crude oil the entire world has experienced the worst losses in business culminating from sharp inefficiency of macro economics. This paper also articulates on the Oil price changes and economic output which is very imperative in analyzing the business environment in terms of macro economic. It also greatly highlights and analyzes on macroeconomic advantages of world crude oil price changes. In this part various aspects that affect crude oil are focused in terms of profitability that they facilitate.

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