Changes in the price of oil Select one: created both inflation and recession in the United States in the 1970s. can only lead to recessions.

Changes in the price of oil

Select one:

a. created both inflation and recession in the United States in the 1970s.

b. can only lead to recessions.

c. change the economy principally by changing aggregate demand.

d. have not contributed much to output fluctuations in the United States.