Register
In 1983 oil prices in texas fell from $34 to $10 per barrel causing oil firms to struggle to stay in business which ultimately led to many Texans losing their jobs this period of great profits followed
225k views
0 votes
In 1983 oil prices in texas fell from $34 to $10 per barrel causing oil firms to struggle to stay in business which ultimately led to many Texans losing their jobs this period of great profits followed by a sharp decline is known as

User MLEN
by
5.6k points

2 Answers

3 votes
Deflation is what this is
User Janielle
by
6.6k points
6 votes
Deflation is when the prices dropped and sorry to you fellow texans of 1983 that lost their jobs

User Ext
by
6.1k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

6.6m questions

8.8m answers

Other Questions

Which colonies were included in the middle colonies
How did wartime relocation of many americans affect the us government and society? This Is in ww2
What was nintendo befor it was a videogame compony
In what way did Andrew Jackson change the definition of democracy for the United States?
Which policy did the United States implement in postwar Japan?
Link Copied!