After the Yom Kippur War (1973), OPEC imposed an oil embargo, which produced all of the following consequences except

Question

Quizplus · Accepted Answer

The oil embargo did not cause a shortage of available laborers. It primarily had economic consequences such as a rise in the price of crude oil, double-digit inflation, and a business recession. It also had lasting effects on labor markets in some countries, but did not directly lead to a shortage of available laborers.

After the Yom Kippur War (1973), OPEC Imposed an Oil