For the Largest Developed Economies During the 1990s

question 118

Multiple Choice

For the largest developed economies during the 1990s,

• A)the quantity equation did not work well in explaining variations in the rate of inflation in spite of the high rates of inflation that occurred in several of these countries.
• B)the quantity equation worked well in explaining the variation in rates of inflation during this period.
• C)economic growth was too high for the quantity equation to explain variations in the rate of inflation.
• D)inflation was too varied for the quantity equation to be of any use.
• E)there was not enough variation in the rate of inflation to test the quantity equation because inflation was low for all these countries.

---

Definitions:

The General

Often refers to a high-ranking, senior officer in the military, but in broader terms, can signify a principal or predominant figure in any given field or endeavor.

Macrosociological

Relates to the study of large-scale society, focusing on the social structures and processes that shape the population.

Symbolic Interactionist

A theoretical perspective in sociology that focuses on the importance of symbols and language as core elements of human interaction.

Positivistic

Pertaining to positivism, a philosophical system recognizing only that which can be scientifically verified or which is capable of logical or mathematical proof, and therefore rejecting metaphysics and theism.