[Answer] Were the two oil crises in the 1970s linked to deflation or inflation?

Answer: To respond quickly to changes in the currency markets.

Most relevant text from all around the web:

Were the two oil crises in the 1970s linked to deflation or inflation? They were retaliation for the US support for Israel by Islamic oil producers who’d lost the 1973 Six Day War when they invaded Israel and lost badly and then in the 1979 Iranian revolution to replace the Shah a major US ally who President Carter ... Wed Feb 12 2020 · The direct relationship between oil and inflation was evident in the 1970s when the cost of oil rose from a nominal price of $3 before the 1973 oil crisis to around $40 during the 1979 oil crisis . This helped cause the consumer price index (CPI) a key measure of inflation ... It went down. Consider the formula GDP = C+I+G+(X-M). A country is undergoing a boom in consumption of domestic and foreign luxury goods. In one year the dollar growth in imports is greater than the dollar growth in domestic consumption. -the standard inflation target is 2 % for industrialized nations -inflation can lead to a vicious cycle of pay increases leading to price increases - deflation can lead to a … Thu Mar 03 2011 · The 1970s oil crisis knocked the wind out of the global economy and helped trigger a stock market crash soaring inflation and high unemployment - ultimately leading to the fall of a UK … Mon May 02 2016 · The Oil Crises Of The 1970s . Oil companies and other fossil fuel producers have been coming under increasing attack recen...

Disclaimer: 

Our tool is still learning and trying its best to find the correct answer to your question. Now its your turn, "The more we share The more we have". Comment any other details to improve the description, we will update answer while you visit us next time...Kindly check our comments section, Sometimes our tool may wrong but not our users.

Are We Wrong To Think We're Right? Then Give Right Answer Below As Comment