Question

How did the oil embargo in the 1970s affect the US economy?

A) The rise in gasoline prices contributed to inflation.

B) The government created lower national speed limits.

C) People could not afford to drive to work, so they lost their jobs.

D) The lower prices for gasoline meant people had more money to spend.

Answer 1

Thank you the person above me.

I agree with the answer option D The lower prices for gasoline meant people had more money to spend.

Please mark him/her brainllest.

Step-by-step explanation:

Hope this helps. struggling with the schoolwork is hard, I know. :)

Answer 2

The 1973 Oil Embargo acutely strained a U.S. economy that had grown increasingly dependent on foreign oil. ... The price of oil per barrel first doubled, then quadrupled, imposing skyrocketing costs on consumers and structural challenges to the stability of whole national economies.

D) The lower prices for gasoline meant people had more money to spend.