The Iranian Revolution in 1979 led to another interruption of oil supplies to the United States.This caused the reoccurrence of
A)deflation.
B)full employment.
C)trade surpluses.
D)stagflation.

Question

Quizplus · Accepted Answer

The interruption of oil supplies led to the phenomenon of stagflation, which is a combination of high inflation and high unemployment. This was due to the increase in oil prices leading to higher production costs and reduced economic output, resulting in both inflation and unemployment.

The Iranian Revolution in 1979 Led to Another Interruption of Oil