The Primary Effect of OPEC Actions in the Period from 1973

question 136

Multiple Choice

The primary effect of OPEC actions in the period from 1973 to 1980 was to increase

• A)wage rates.
• B)interest rates.
• C)employment and output.
• D)energy prices.

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Definitions:

Imputed Interest

Interest that the Internal Revenue Service assumes was paid for tax purposes, even if no interest payment was actually made.

Securitization Entity

A structured finance process that involves pooling various financial assets to create new securities, which are then sold to investors.

Legally Distinct

Refers to entities or organizations that are recognized as separate legal entities under the law, each with its own legal rights and obligations.

Factor With Recourse

An arrangement where a business sells its receivables to a factor but remains liable if the debts sold are not collected.