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.

---

Definitions:

Internet

A global network of interconnected computers and servers that allows for the transfer of data and communications across vast distances.

Virtual Teams

Groups of people who work together across time, space, and organizational boundaries, connected by digital communication technologies.

Collaboration

The act of working together with one or more people in order to achieve a common goal.

New Venture

The initiation of a business or enterprise, typically characterized by its novelty, innovation, and the entrepreneurial spirit of its founders.