Macroeconomics is the study of the economy as a whole, which includes inflation, unemployment, business cycles, and growth (Colander, 14). In today's society, Americans rely on having the option to have multiple service providers for their home or office. Several businesses especially those who work nationally or internationally with other businesses, try to find the inexpensive and new innovative ways to reduce cost.
In take of the Recent Oil Crisis - Oil is the major source of energy worldwide and it is expected to remain so over the next few decades. As new technology is being developed our demand for oil is becoming crucial, oil is the major source of energy worldwide and it is expected to remain so over the next few decades. Crude oil has become the main "raw" material in every economy no matter if it has not developed or it is in the developing process. The changes in the prices of the crude oil are making positive and negative implications on every economy. When these changes of prices are severe ones, one might easily conclude that an economy is going to face problems such as unfavorable supply shocks, or according to the theory adverse supply shocks.…
