Which Event Probably Contributed to the Stagflation of the 1970s

question 248

Multiple Choice

Which event probably contributed to the stagflation of the 1970s?

• A) worldwide agricultural surpluses
• B) an improvement in productivity of resources
• C) an appreciation in the dollar
• D) a sharp rise in the price of oil

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Definitions:

Battery Packs

Collections of battery cells or batteries configured in a pack to provide power to electronic devices or systems.

Supply Curve

A visual depiction displaying the connection between a product's price and the amount of the product that suppliers are prepared to offer.

Electric And Hybrid Autos

Vehicles powered by electric motors, either entirely (electric) or combined with a conventional internal combustion engine (hybrid).

Supply Curve

A graphical representation showing the relationship between the price of a good and the quantity supplied by producers.