The Significantly High Rates of Inflation in the 1970s Occurred

question 21

Multiple Choice

The significantly high rates of inflation in the 1970s occurred, in part,

• A)because of increased petroleum prices.
• B)due to high unemployment.
• C)despite falling gasoline prices.
• D)due to restrictive monetary policies.

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Definitions:

Discrimination

In psychology, the ability to differentiate between stimuli or situations; more broadly, unfair treatment of people based on their group memberships.

Chauvinism

Excessive or prejudiced loyalty or support for one's own cause, group, or gender, often disregarding reason or fairness.

Group Cohesiveness

The degree to which members of a group are attracted to each other and motivated to stay in the group.

Polarization

In psychology, the process by which an individual's opinions or attitudes become more extreme, often influenced by group dynamics.