The United States Began to Pull Out of a Recession

question 259

Multiple Choice

The United States began to pull out of a recession in the spring of 1991. Unemployment fell, but inflation did not increase. What was the most likely cause of this?

• A) Aggregate supply was increasing at a faster rate than aggregate demand.
• B) Both aggregate demand and aggregate supply were decreasing.
• C) Aggregate demand was increasing but aggregate supply was decreasing.
• D) Aggregate demand was increasing at a faster rate than aggregate supply.

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Definitions:

Cultural Capital

Refers to the non-financial social assets that promote social mobility beyond economic means, including education, intellect, style of speech, dress, or physical appearance.

Myths

Traditional stories or legends that serve to explain natural phenomena, the origins of human social practices, or beliefs and values of a culture.

Poverty

describes the condition where individuals or communities lack financial resources or access to basic needs essential for maintaining a minimal standard of living.

Wealth Inequality

The unequal distribution of assets, wealth, and income among individuals or groups within a society, often leading to social and economic disparities.