how did the 1979 oil shock affect the us economy?\nit caused inflation to rise and the economy to slow.\nit…

how did the 1979 oil shock affect the us economy?\nit caused inflation to rise and the economy to slow.\nit slowed inflation and the economy grew.\nit helped american businesses to grow.\nit lowered oil prices greatly over time.\ndone

how did the 1979 oil shock affect the us economy?\nit caused inflation to rise and the economy to slow.\nit slowed inflation and the economy grew.\nit helped american businesses to grow.\nit lowered oil prices greatly over time.\ndone

Answer

Answer:

It caused inflation to rise and the economy to slow.

Brief Explanations:

The 1979 oil - shock led to higher energy costs. This increased production costs across industries, causing inflation. Higher costs also reduced consumer and business spending, slowing economic growth.