In the 1960s,the U

question 33

Multiple Choice

In the 1960s,the U.S.experienced ongoing inflation.What was the main cause of this inflation?

• A) The economy's self-correcting mechanism was allowed to operate.
• B) The Federal Reserve maintained an output target.
• C) The Federal Reserve increased the money supply in response to positive demand shocks.
• D) The Federal Reserve pursued an active monetary policy.
• E) The Federal Reserve increased the money supply in response to negative demand shocks.

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Definitions:

Virtuous Character

A set of qualities that exemplify moral excellence and righteousness in an individual.

Aristotle

An ancient Greek philosopher and scientist, who’s known for laying the groundwork for much of Western philosophy and ethics.

Evil Cause

A reason or motive for actions that are morally wrong or lead to negative outcomes, often associated with harm or malevolence.

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A soldier who exhibits courage and bravery in combat situations.