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.

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Definitions:

Wealthy Country

A nation characterized by a high level of economic development, significant gross domestic product (GDP) per capita, and an overall high standard of living.

Cultural Capital

Refers to the beliefs, tastes, norms, and values that people draw on in their everyday life.

Private High School

A secondary education institution that operates independently of the public school system, often funded through tuition fees, private contributions, and endowments.

Genetics

The scientific study of genes, heredity, and the variation of organisms, explaining how traits are passed from parents to offspring.