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    Exam 17: The Short-Run Tradeoff Between Inflation and Unemployment
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    Which of the Following Was the Primary Cause of the Large
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Which of the Following Was the Primary Cause of the Large

Question 54

Question 54

Multiple Choice

Which of the following was the primary cause of the large increase in oil prices in the 1970s?


A) an increase in demand for oil
B) the introduction of the National Energy Program
C) a decrease in the supply of oil by OPEC
D) an increase in the supply of oil by OPEC

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