In the Mid-1970s,a Long Recessionary Period in Western Economies Was

Multiple Choice

In the mid-1970s,a long recessionary period in Western economies was triggered by:

A) a collapse of U.S.stock market prices,which was second only to the Crash of 1929.
B) an oil embargo inspired by hardliners among the oil-producing states.
C) a spike in the wholesale price index in the United States.
D) a series of poor harvests in the United States,Western Europe,and the Soviet Union.
E) the collapse of the gold market that resulted in the devaluing of the world's currencies.