The Recession of 1973-1975 Was Unusual in That Both Inflation

question 130

Multiple Choice

The recession of 1973-1975 was unusual in that both inflation and unemployment increased at the same time.This suggests that the primary cause of the recession was an

• A)inward shift of the aggregate demand curve.
• B)outward shift of the aggregate supply curve.
• C)inward shift of the aggregate supply curve.
• D)outward shift of the aggregate demand curve.

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Definitions:

Discursive Power

The ability to influence through the use of language, discourse, and communication, shaping people’s perceptions, identities, and societal norms.

Afrocentric Alternative School

Educational institutions that center Afrocentric values, cultures, and histories to provide a culturally relevant curriculum for students of African descent.

Toronto District School Board

The largest school board in Canada that oversees public education in the city of Toronto.

2008

A year marked by significant global events including the start of the Great Recession and the election of Barack Obama as the 44th President of the United States.