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:

Patriarchy

A social system in which men hold primary power and predominate in roles of political leadership, moral authority, social privilege, and control of property.

Scientific Revolutions

Periods of transformative change and paradigm shifts in the scientific community, characterized by the adoption of new theories and methodologies that significantly alter understanding and knowledge.

Democratic Revolutions

Refers to major political upheavals aimed at establishing more democratic systems of government, typically involving mass participation and demands for political reform.

Sociologists

Experts in sociology, the study of society, social institutions, and social relationships, focusing on understanding patterns of social behavior and organizational structure.