The Recessions of the 1970s Are Often Attributed to

question 7

Multiple Choice

The recessions of the 1970s are often attributed to

• A)declining inflation expectations.
• B)an increase in oil prices.
• C)declines in the price of stock.
• D)decreases in the money supply.

---

Definitions:

Personal Choice

The ability of an individual to make decisions based on their preferences and values.

Construct

An abstract concept or theoretical tool used to understand and interpret aspects of observable behavior or psychological states.

Psychologists Function

The function of psychologists involves the study of mental processes and behavior, assessment, and intervention to help improve individuals' mental health and well-being.

Ordinary People

Refers to the general populace or individuals who are not distinguished by exceptional attributes.