What Was One of the Causes of American Stagflation in the 1970s

question 2

Multiple Choice

What was one of the causes of American stagflation in the 1970s?

• A)Dramatic decline in oil prices
• B)Dramatic increase in oil prices
• C)Cooperation of OPEC
• D)Increase in the number of barrels of oil shipped to the United States
• E)End of oil production in the Middle East

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Definitions:

Traditional

Ideas, customs, or practices transmitted from generation to generation, often without change.

Social Hierarchy

The organization of individuals or groups in a society into levels of power, status, or priority, often based on factors like wealth, occupation, or social connections.

Economic Position

Relates to an individual's or entity's place or status in the economic hierarchy, influenced by income, wealth, and access to resources.

Dimensions of Power

The various ways in which power can be manifested or exercised in social, political, or personal contexts, including authority, influence, and control.