"<span>For a time, geopolitical events and natural disasters had strong short-term effects on oil prices, such as </span>North Korean missile tests, <span>the </span>2006 conflict between Israel and Lebanon, <span>worries over </span>Iranian nuclear plans in 2006, Hurricane Katrina, <span>and various other factors.</span><span> By 2008, such pressures appeared to have an insignificant impact on oil prices given the onset of the </span>global recession.<span> The recession caused demand for energy to shrink in late 2008, with oil prices collapsing from the July 2008 high of $147 to a December 2008 low of $32.</span><span> Oil prices stabilized by August 2009 and generally remained in a broad trading range between $70 and $120 through November 2014,</span><span> before returning to 2003 pre-crisis levels by early 2016."</span>
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Answer:
ELM (elaboration likelihood model of persuasion)
Explanation:
Elaboration likelihood model of persuasion: The elaboration likelihood model of persuasion is often referred to as ELM. The ELM theory is considered to be as the dual-process theory that describes or explains the change or alteration in an individual's attitudes. The ELM theory was proposed by John Cacioppo and Richard E. Petty during 1980.
The ELM model focuses on describing several ways in explaining the process of understanding or analyzing particular stimuli, its uses, and outcomes on attitude change.
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<h3>-questioneeer</h3>
<span>answer: treaty,Hope it helped.</span>
