Energy Price Shocks and their varying Effects on the Economy

Studying the energy price shocks will involve assessing the past impacts, the current impacts, and future impacts that may be observed on the various economies. You can also opt to use wangarimunyuiri for fair services , note that this are details for a mailing service that starts with ‘g’ then ‘m’ and ends with an ‘l’. Introduction The growth and development of a country or its economy is highly dependent on the vulnerability to shocks. Since the World War II, energy price shocks have played a major role in the dampening of many economies. These oil shocks have caused many financial problems for many economies. With this in mind, energy shocks on one source of energy may be avoided (Bret and McClain, 46).