The New Economy of the 1990s Was Characterized by

question 15

Multiple Choice

The New Economy of the 1990s was characterized by

• A)productivity increases and the globalization of business, which shifted the aggregate supply curve to the right
• B) unemployment rates that rose rapidly because businesses outsourced production to low-wage countries
• C) inflationary rates that rose steadily to more than 4.5 percent per year because of the Fed's easy-money policies.
• D) large declines in aggregate demand that led to concerns by policy makers that deflation was becoming a major threat.
• E) increases in budget deficits that were used to finance large government expenditures on research and development.

---

Definitions:

Deprivation Amplification

When our individual disease risks (based on our heredity and physiology) are amplified by social factors.

C. Wright Mills

An American sociologist best known for his theories on the power elite and the sociological imagination, bridging the gap between individual experiences and broader social structures.

Deprivation Amplification

The process by which existing inequalities are exacerbated by societal structures, leading to greater disparity.

Louisville Residents

Pertains to individuals who live in or are from Louisville, a major city in the state of Kentucky, USA.