Severe oil shortages in the United States during the 1970s created:

Name: Severe oil shortages in the United States during the 1970s created:
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The severe oil shortages in the United States during the 1970s created cost-push inflation, as the increase in the price of oil led to higher production costs for goods and services. This, in turn, caused prices to rise, putting pressure on wages to keep pace with increasing costs.

Severe Oil Shortages in the United States During the 1970s