what effects did the oil shock have on the united states? check all of the boxes that apply.\n□ economic…

what effects did the oil shock have on the united states? check all of the boxes that apply.\n□ economic stability\n□ gas shortages\n□ high gas prices\n□ greatly increased oil production\n□ economic slowdown\ndone

what effects did the oil shock have on the united states? check all of the boxes that apply.\n□ economic stability\n□ gas shortages\n□ high gas prices\n□ greatly increased oil production\n□ economic slowdown\ndone

Answer

Answer:

  • Gas shortages
  • High gas prices
  • Economic slowdown

Brief Explanations:

During an oil - shock, supply disruptions cause gas shortages and higher prices. Higher energy costs also slow economic activity. Economic stability is not an effect (it's disrupted), and greatly increased oil production is not typical as the shock often stems from supply - side issues like OPEC cuts.