Exam questions first prelim ECON 102 - Cornell University

US prices plummet as oil retreats . US consumer prices fell 0.6% in November, marking the sharpest slide in 56 years, official figures show. The fall was driven by a record 8% drop in energy costs in the month. Fuel oil costs fell by 6.1%, while natural gas prices fell by 0.5%, the Labor Department said. ................
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