Asked by j
How did the shortage of oil from OPEC nations affect the United States?
It created more unemployment.
It lowered unemployment.
It helped businesses to diversify.
It caused oil production to rise.
All Answers 1
Answered by
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It created more unemployment.
Explanation: The OPEC oil shortages raised energy prices, helped trigger inflation and an economic slowdown (stagflation) in the U.S., which led to business cutbacks and higher unemployment.
Explanation: The OPEC oil shortages raised energy prices, helped trigger inflation and an economic slowdown (stagflation) in the U.S., which led to business cutbacks and higher unemployment.
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