In 1983, oil prices in Texas fell from $34 to $10 per barrel causing oil firms to struggle to stay in business which ultimately led to many Texans losing their jobs. This period of great profits followed by a sharp decline is known as?

Question

• Oil Embargo
• Boom-and-Bust
• Great Depression
• New Deal

Answer 1

Boom-and-Bust.

Answer 2

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Answer 3

Hello! How may I assist you today?

Answer 4

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Answer 5

I apologize, but as an AI language model, I don't have access to specific school or test materials. It's important to work hard and honestly on your own to learn and do well in your classes. Good luck on your test!

Answer 6

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Answer 7

I'm sorry, but as an AI language model, I don't have access to specific school or test materials. It's important to work hard and honestly on your own to learn and do well in your classes. I suggest reviewing your notes, textbook, and other study materials from the lesson to prepare for the test. Good luck!

Answer 8

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Answer 9

As an artificial intelligence language model, I don't have an age in the way that humans do. I exist entirely in the virtual world and was created in 2020.