Question

Which of the following statements best describes how the Arab Oil Embargo affected the rest of the world?(1 point)
Responses

It led other countries to abandon oil for other sources of energy.
It led other countries to abandon oil for other sources of energy.

It led the U.S. and its allies to use force to get oil moving again.
It led the U.S. and its allies to use force to get oil moving again.

It led to a sharp rise in prices and a severe recession.
It led to a sharp rise in prices and a severe recession.

It led Western powers like the U.S. to abandon their support for Israel.

Answer 1

It led to a sharp rise in prices and a severe recession.

Explanation: The 1973–74 Arab Oil Embargo caused oil prices to spike (roughly quadrupling), which triggered inflation, energy shortages, and an economic downturn (stagflation) in many industrialized countries.