Widdekind
Member
- Mar 26, 2012
- 813
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a scatter-plot of aggregate Prices & Quantities (CPI vs. real GDP) starkly reveals "Recessions" as times of rising Prices, and stalling Quantities. From 1970-1980, Prices tripled, whilst real outputs only increased by half. Sky-rocketing Prices also correlate with rising interest rates, and OPEC "economic warfare" via oil-price manipulations.
