When Traditional Norms Become Less Applicable to New Circumstances,normlessness or _____

question 35

Short Answer

When traditional norms become less applicable to new circumstances,normlessness or _____ sets in.

---

Definitions:

Inflation

A general increase in prices and fall in the purchasing value of money over a period.

Recession

A period of significant decline in economic activity spread across the economy, lasting more than a few months, typically visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.

Tax Rates

The percentages of income or value of goods that individuals or companies must pay to the government.

Big Government

A term often used to describe a government or state that has expansive powers and is heavily involved in various economic and social sectors.