Which of the Following Did Not Contribute to Higher Inflation

question 116

Multiple Choice

Which of the following did not contribute to higher inflation in the late 1970s?

• A) expansionary monetary policies used to lower the unemployment rates below the natural rate
• B) Paul Volcker becomes the Fed Chairman
• C) an oil shock in 1979
• D) expansionary fiscal policies used to lower the unemployment rates below the natural rate

---

Definitions:

Equity Sensitivity

An individual’s preference for fairness and equity in their interactions and distributions of resources with others.

Primary Needs

Fundamental human requirements including physiological and safety needs that are essential for survival.

Workforce Entrants

Individuals who are newly entering the job market, either for the first time or after a significant break.

Procedural Justice

The fairness perceived in the processes and procedures used to make decisions and allocate resources.