What Were the Political, Social, Economic, And/or Cultural Consequences of This

question 64

Essay

What were the political, social, economic, and/or cultural consequences of this item: Regents of the University of California v. Bakke?
Instructions:
-Identify each item. Give an explanation or description of the item. Answer the questions who, what, where, and when.
-Explain the historical significance of each item. Establish the historical context in which the item exists. Establish the item as the result of or as the cause of other factors existing in the society under study.

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Definitions:

Price Level

The median price level of all goods and services currently offered in the economy.

Previous Year

The 12-month period immediately before the current year, used as a reference point for comparing data or statistical analysis.

Unemployment

The situation where individuals who are willing and able to work are not currently employed.

Inflation

The magnitude of growth in the overall price points for goods and services, weakening the efficacy of spending power.