The 1973 OPEC oil embargo is an example of a negative _____ shock to the U.S. economy.
A)deflation
B)financial
C)supply
D)spending

Name: The 1973 OPEC oil embargo is an example of a negative _____ shock to the U.S. economy. A)deflation B)financial C)supply D)spending
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The OPEC oil embargo was a supply shock because it caused a sudden decrease in the supply of oil, which led to higher oil prices and decreased economic activity.

The 1973 OPEC Oil Embargo Is an Example of a Negative