The Recession of 1973-1975 Was Unusual in That Both Inflation

question 130

Multiple Choice

The recession of 1973-1975 was unusual in that both inflation and unemployment increased at the same time.This suggests that the primary cause of the recession was an

• A)inward shift of the aggregate demand curve.
• B)outward shift of the aggregate supply curve.
• C)inward shift of the aggregate supply curve.
• D)outward shift of the aggregate demand curve.

---

Definitions:

Convictions

Firmly held beliefs or opinions, or the formal declaration that someone is guilty of a criminal offense made by the verdict of a jury or the decision of a judge in a court of law.

White-collar Crimes

Non-violent crimes committed by individuals or corporations in the course of their professional lives, often involving financial fraud or corruption.

Lower Classes

A category of individuals in a society who are economically, socially, and culturally less privileged than others.

Marijuana Users

Individuals who consume marijuana, a psychoactive drug from the Cannabis plant used primarily for medical or recreational purposes.