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Which of the following was a lasting effect of the OPEC embargo in the 1970s on the US economy?
reduced use of petroleum
Stagflation in the 1970s is most associated with?
The oil embargo
What is stagflation in the 1970s most associated with?
the oil embargo
What factors brought on the country's economic problems in the late 1960s and early 1970s?
In the 1970's the United States of America experienced a severe economic crisis to due the war in Vietnam. The war effort's took a toll on the American economy as a direct result.
How did the Organization of Petroleum Exporting countries embargo contribute to stagflation problem in 1970s?
oil prices increased
Which of the following was a lasting effect of the OPEC embargo in the 1970s on the US economy?
reduced use of petroleum
Stagflation in the 1970s is most associated with?
The oil embargo
What is stagflation in the 1970s most associated with?
the oil embargo
What triggered the oil crisis of the 1970s?
The OPEC oil embargo.
Was a factor that created oil shortages in the US during the 1970s?
oil embargo
What factors brought on the country's economic problems in the late 1960s and early 1970s?
In the 1970's the United States of America experienced a severe economic crisis to due the war in Vietnam. The war effort's took a toll on the American economy as a direct result.
How did the Organization of Petroleum Exporting countries embargo contribute to stagflation problem in 1970s?
oil prices increased
How did the opec embargo contribute to stagflation problems in the early 1970s?
The OPEC embargo of 1973 led to a sharp increase in oil prices, which raised production costs for businesses and resulted in higher prices for consumers. This triggered inflation as prices across the economy rose. At the same time, the decrease in oil supply caused by the embargo led to a slowdown in economic growth, contributing to the high inflation and high unemployment characteristic of stagflation.
How did the embargo by the Organization of Petroleum Exporting Countries contribute to stagflation problems in the early 1970s?
oil prices increased
How did the organization of petroleum exporting countries embargo contribute to stagflation problem in the early 1970s?
oil prices increased
What caused the American economy to slip in the 1970s?
Spending on Veitnam
Which situation in the 1970s caused the US to reconsider its dependence on foreign energy resources?
oil embargo by the Organization of Petroleum Exporting Countries (OPEC)
