creased cost of this factor of productionnin the wake of the 1973 OPEC price hikenhas been a major cause of stagnation innthe years since. Economic growth ratesnamong the industrialized nations averagednin 1974-79 only half what they didnin 1960-73- The lost production in thenOPEC-induced 1974 recession cost thenU . . .
January 1975April 21, 2022By The Archive
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