Energy prices and american aggregate supply from fracking

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Understand the impact on the US Aggregate Supply from a higher supply of energy and the lower energy prices that follow an increase in the supply of energy. Since energy is an input into most all production and transportation, changes in energy prices ripple through the economy and impact prices in all sectors of the economy. What is the most likely impact on energy prices and the American Aggregate Supply from fracking? How do these changes impact the American economy?

Reference no: EM131164487

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