When the war in Iraq began in 2003, some MNCs feared that oil prices would ____ and that U.S. inflation and interest rates would ____.

Question

Quizplus · Accepted Answer

The war in Iraq in 2003 raised concerns about disruptions in oil supply, leading to fears that oil prices would rise. Higher oil prices can contribute to inflation, which might lead to an increase in interest rates as a response to control inflation.

When the War in Iraq Began in 2003, Some MNCs