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How did the oil embargo in the 1970s affect the US economy?

The rise in gasoline prices contributed to inflation.
The government created lower national speed limits.
People could not afford to drive to work, so they lost their jobs.
The lower prices for gasoline meant people had more money to spend.

Respuesta :

LasDaniel

Answer:

1 The rise in gasoline prices contributed to inflation.

Explanation:

The rise in gasoline prices contributed to inflation. The U.S. economy  had grown dependent on foreign oil. The price of oil per barrel first doubled, then quadrupled,  skyrocketing the costs on consumers and structural challenges to the stability of whole national economies.

karylin

Answer:

I'm sorry I'm late. But I think the answer is

D.The lower prices for gasoline meant people had more money to spend.

Explanation:

Hope this helps and hope the people who need the answer will pass! :)

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