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Assess how 1 of the following major economic events influenced supply, demand, and economic equilibrium in the US economic activity: Rapid price increases, such as
Assess how 1 of the following major economic events influenced supply, demand, and economic equilibrium in the US economic activity:
- Rapid price increases, such as caused by the 1973 oil embargo or the aftermath of a major hurricane
- Dramatic employment drops, such as the combined impact of the 2006 housing bubble burst and the subsequent Great Recession
- Crippling interest rates by the Federal Reserve, such as those of the 1975 - 1985 time period
- Collapse of the Soviet Union in 1991 and the end of the Cold War, and the "peace dividend"
- The dot-com bubble from 1994 to 2000, and the subsequent dot-com crash
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