As a Result of OPEC ________ Oil Prices in 1973

question 67

Multiple Choice

As a result of OPEC ________ oil prices in 1973 and 1980,real GDP in United States ________.

• A)increasing;increased
• B)increasing;decreased
• C)decreasing;increased
• D)decreasing;decreased
• E)increasing;did not change

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Definitions:

Netherlands Guilders

The former currency of the Netherlands before the adoption of the euro, historically used in various Dutch territories.

U.S. Currency Value

The worth or purchasing power of the United States dollar in domestic and international markets.

Saudi Arabian Riyals

The official currency of Saudi Arabia, used for all financial transactions within the country.

U.S. Dollars

The official currency of the United States, commonly represented by the symbol $.