What are the recessions of the 1970s often most attributed to?
A)declining inflation expectations
B)an increase in oil prices
C)declines in the price of stock
D)decreases in the money supply

Question

Quizplus · Accepted Answer

The recessions of the 1970s are often attributed to an increase in oil prices. The oil crisis of 1973 led to a sharp increase in oil prices, which greatly impacted the economy and led to high inflation and recessions.

What Are the Recessions of the 1970s Often Most Attributed