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After the Yom Kippur War, OPEC Imposed an Oil Embargo

Question 20

Multiple Choice

After the Yom Kippur War, OPEC imposed an oil embargo, which produced all of the following consequences EXCEPT


A) a rise in the price of crude oil.
B) double-digit inflation.
C) a business recession.
D) a shortage of available laborers.
E) a shortage of crude oil worldwide.

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