In Which Direction Did European Domestic Politics Shift During the 1970s

question 6

Multiple Choice

In which direction did European domestic politics shift during the 1970s?

• A)from the left to the center
• B)from the center to the left
• C)from the center to the right
• D)from the right to the center
• E)from the left to the right

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Definitions:

Phillips Curve

An economic theory that suggests an inverse relationship between the level of unemployment and the rate of inflation.

Money Supply

The full amount of economic monetary assets at a specific point in time.

Prices

The amount of money required to purchase a good, service, or asset, acting as a signal in the market to both buyers and sellers.

Aggregate Demand

The total demand for all goods and services in an economy at different price levels during a specific time period.