During the 1970's the inflation experienced in the United States as a result of OPEC oil price increases is referred to as

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The inflation experienced in the United States during the 1970's as a result of OPEC oil price increases is referred to as cost-push inflation. This is because the increase in oil prices resulted in increased production costs for businesses, which they passed on to consumers in the form of higher prices for goods and services.

During the 1970's the Inflation Experienced in the United States