Refer to the Following Figure to Answer the Following Questions

question 8

Multiple Choice

Refer to the following figure to answer the following questions:
-Based on the figure,one could correctly state that

• A) although U.S.inflation was generally higher in the 1970s and 1980s,that situation was reversed in the later years for the European Union.
• B) inflation in both the United States and the European Union was higher in the 1990s than it was in the 1970s and 1980s.
• C) deflation was a problem in the United States and the European Union in the 1990s,but inflation was a problem for both in the 1970s and 1980s.
• D) U.S.and E.U.inflation both tended to be higher in the 1970s and 1980s than in the 1990s.
• E) typically,while the European Union had inflation problems,the United States had deflation problems.

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Definitions:

Basic Goals

Fundamental objectives or aims that an individual or organization strives to achieve.

Perceived Threat

An individual's subjective assessment of the potential harm or danger that a specific situation or action may cause.

Extreme Inertia

The tendency of an object or an entity to resist any change in its state of motion or rest, greatly magnified in intensity or effect.

Institutionalize

To establish a norm, practice, or procedure as a convention or standard within an organization or society.