Which of the following was a major cause of inflation in the 1970s?
A) Deregulation of the airline and trucking industries
B) Increased industrial productivity
C) Tight credit policies
D) OPEC price increases

Question

Quizplus · Accepted Answer

OPEC, the Organization of Petroleum Exporting Countries, increased oil prices in the 1970s, leading to a significant rise in energy costs. As energy prices rose, the prices of goods and services that relied on energy also increased, leading to inflation.

Which of the Following Was a Major Cause of Inflation