In 1973 the countries of the West faced a new economic hardship when

Question

Answer
the U.S. withdrew many loans and investments from Europe.
the Soviet Union placed an embargo on trade with western Europe.
the Japanese GNP surpassed that of Europe.
oil-exporting countries in the Middle East banded together to raise oil prices.
the meltdown of Chernobyl occurred.

Answer 1

Probably when oil prices were raised.