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<blockquote data-quote="Catatonic" data-source="post: 3339874" data-attributes="member: 7966"><p>Raising the price of gasoline has a broader effect on the economy as the price to produce and distribute of almost everything increases as well.</p><p><a href="https://econproph.com/tag/multiplier-effect/" target="_blank">Gasoline Multiplier Effect</a></p><p>A $1.00 increase in the price of gasoline will effect a 1% drop in US GDP.</p></blockquote><p></p>
[QUOTE="Catatonic, post: 3339874, member: 7966"] Raising the price of gasoline has a broader effect on the economy as the price to produce and distribute of almost everything increases as well. [URL='https://econproph.com/tag/multiplier-effect/']Gasoline Multiplier Effect[/URL] A $1.00 increase in the price of gasoline will effect a 1% drop in US GDP. [/QUOTE]
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