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In the Wake of Skyrocketing Oil Prices, the United States

Question 79

Multiple Choice

In the wake of skyrocketing oil prices, the United States experienced __________________.


A) rising unemployment accompanied by a serious inflationary spiral
B) stable employment but soaring inflation that reduced buying power
C) stability in the cost of living but near-depression levels of unemployment
D) a reduction in unemployment accompanied by double-digit inflation

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