An explanation for the slowdown in U.S.productivity growth in the 1973-1995 period was higher oil prices caused by
A)the CIA.
B)the WTO.
C)the IMF.
D)OPEC.

Question

Quizplus · Accepted Answer

The Organization of the Petroleum Exporting Countries (OPEC) was responsible for the increase in oil prices in the 1970s, which led to a slowdown in U.S. productivity growth due to higher energy costs for businesses.

An Explanation for the Slowdown in U