Today,restrictions on Foreign Oil Imports Continue and Unlimited Freedom Has

question 23

True/False

 Today,restrictions on foreign oil imports continue and unlimited freedom has been extended to oil companies to drill wherever they please. 

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Definitions:

Stagflation

A situation in an economy characterized by slow economic growth combined with high unemployment and high inflation.

Unemployment

The situation where individuals who are capable of working and are actively seeking work are unable to find employment.

Inflation

The velocity at which the broad price tags for products and services surge, weakening the power to purchase.

Cyclical Unemployment

Unemployment that results from economic downturns or recessions, reflecting a lack of demand for goods and services.