Evaluate the following assertion: "The oil price shock of 1974 was responsible for the high rates of inflation the United States experienced throughout the remainder of the 1970s."

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The Answer of Evaluate the following assertion: "The oil price shock of 1974 was responsible for the high rates of inflation the United States experienced throughout the remainder of the 1970s."

Evaluate the Following Assertion: "The Oil Price Shock of 1974