Write a 350- to 700-word analysis assessing 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”