In the Mid-1970s, Changes in Oil Prices Greatly Affected U

question 71

Multiple Choice

In the mid-1970s, changes in oil prices greatly affected U.S.inflation.When oil prices rose, the U.S.experienced

• A)cost-push inflation and rising output.
• B)demand-pull inflation and rising output.
• C)cost-push inflation and falling output.
• D)demand-pull inflation and falling output.

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Definitions:

External Circumstances

Conditions or factors that occur outside of an individual and can affect one's decisions or actions.

Psychiatrist

A medical doctor specializing in the diagnosis, treatment, and prevention of mental health and emotional disorders, capable of prescribing medication.

Clinical Psychologist

A professional specializing in diagnosing and treating mental illness, emotional disturbances, and abnormal behavior.

Psychiatric Social Worker

A professional who provides support and services to individuals with mental health conditions in a social context.