What are the recessions of the 1970s often most attributed to?
A) OPEC increasing oil production
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 caused by OPEC's decision to reduce oil production, leading to higher inflation and higher costs for businesses and consumers.

What Are the Recessions of the 1970s Often Most Attributed