During the 1973-1974 oil crisis, the U.S. government implemented price controls and other regulations in order to try and keep prices low. Were these policies were the best way to lower prices for consumers? What would have happened in the absence of these price controls?

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The Answer of During the 1973-1974 oil crisis, the U.S. government implemented price controls and other regulations in order to try and keep prices low. Were these policies were the best way to lower prices for consumers? What would have happened in the absence of these price controls?

During the 1973-1974 Oil Crisis, the U