The Deregulation of Oil Pricing Will

question 74

Multiple Choice

The deregulation of oil pricing will

• A)increase our dependence on foreign oil.
• B)make the United States energy independent by the year 2000.
• C)decrease domestic production.
• D)decrease the extent of the nation's dependence on foreign oil.

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Definitions:

Unemployment Rate

The fraction of the working-age population that is currently unemployed and looking for a job.

Inflation Rate

The speed at which the overall price level of goods and services increases, leading to a decrease in purchasing power.

Price Index

A measurement that shows how the average price level of a selected set of goods and services has changed over time.

Vertical Axis

The y-axis in a graph or chart, which is typically used to represent the range of one of the variables in the data.