The Inflation of the Early 1970s Was Caused in Part

question 158

Multiple Choice

The inflation of the early 1970s was caused in part by

• A) President Johnson's decision to wage an expensive war in Vietnam while also increasing spending on Great Society programs.
• B) President Nixon's decision to devalue the dollar by allowing it to "float" in international money markets.
• C) the large increases in federal spending that President Nixon requested and received at the start of his term.
• D) the growing concentration of economic power and wealth in a small number of dominant corporations.

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Definitions:

Limbic System

A complex system of nerves and networks in the brain, responsible for instinct and mood, controlling the basic emotions (fear, pleasure, anger) and drives (hunger, sex, dominance, care of offspring).

Addictive Disorders

A range of psychological conditions characterized by a compulsive engagement in rewarding stimuli despite adverse consequences.

Medulla

An area of the brainstem that controls vital autonomic functions such as heart rate, breathing, and blood pressure.

Thalamus

A vital brain structure acting as a relay station, channeling sensory and motor signals to and from the cerebral cortex.