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Question
what triggered the second oil shock in 1979?
reduced demand for oil
a revolution in iran
increased demand for oil
a shortage in the united states
complete
what effects did the oil shock have on the united states? check all of the boxes that apply.
economic stability
gas shortages
high gas prices
greatly increased oil production
economic slowdown
done
The 1979 oil shock was caused by the Iranian Revolution, which disrupted global oil supplies. This supply disruption led to gas shortages, spiked gas prices, and contributed to an economic slowdown in the U.S., rather than stability or increased oil production.
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What triggered the second oil shock in 1979?
- A revolution in Iran
What effects did the oil shock have on the United States?
- Gas shortages
- High gas prices
- Economic slowdown