Tuesday Oct 28, 2014
The Ruble Hit Another New Low Today.
IN response, Russia adopts a budget assuming $100 oil.
The finance minister labels this an alternate economic reality.
Questions for thought and discussion.
One half of Russia's income is from oil taxes. What is the effect of the falling oil price on Russian?
Why if the value of trhe ruble falling?
Why is capital leaving the country?
If you were the Finance Minister what alternatives would you sauggest?
Professor Elam 
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