According to the article, which economic event sparked the decade-long economic crisis? the nixon administration’s wage and price “freeze” the carter administration’s refusal to support israel a sudden increase in oil prices in 1973 the end of the vietnam war

a sudden increase in oil prices in 1973

Explanation:

In 1973, the OPEC (Organization of Petroleum Exporting Countries), led by the Arab countries, which control the supply of oil, drastically raised the price of a barrel of oil in retaliation for policies. US diplomats who supported Israel. Thus, the rise in the price of oil caused an economic crisis (recession and inflation) as the countries were completely dependent on the raw material for production.