What Effect Did Reducing U

question 144

Multiple Choice

What effect did reducing U.S. inflation from 13.5 percent in 1980 to 3 percent in 1983 have?

• A) Wealth was shifted from lenders to borrowers.
• B) The unemployment rate fell to 4 percent.
• C) The country experienced a recession.
• D) Per capita income increased by 18 percent in three years.

---

Definitions:

Personality Characteristics

Traits and attributes that form an individual's distinctive character.

Firm

A business organization, such as a corporation, partnership, or any other entity engaged in professional or commercial activities.

Lifestyle Traits

Refers to the habits, attitudes, tastes, moral standards, economic level, etc., that together constitute the mode of living of an individual or group.

B₂B Buying Situations

Circumstances or scenarios in which businesses purchase goods or services from other businesses.