Sorry, - I must have skipped over it, the President has little to do with the economy as a whole.
I seen this quote:
"Demand does not increase beyond supply. When the oil supply is tightened the price goes up. Demand stays the same."
Are you talking about the short-run or long-run?
People will look for alternative sources and make less 'consuming' (demand) decisions...
I seen this quote:
"Demand does not increase beyond supply. When the oil supply is tightened the price goes up. Demand stays the same."
Are you talking about the short-run or long-run?
People will look for alternative sources and make less 'consuming' (demand) decisions...