In the 1970s, One of the Causes of Stagflation Was

question 102

Multiple Choice

In the 1970s, one of the causes of stagflation was _____

• A) rising unemployment together with economic growth.
• B) deflation coupled with a decline in money supply.
• C) higher oil prices that shifted the aggregate supply curve left.
• D) deficits coupled with rising unemployment.
• E) inflation coupled with balance of trade deficits.

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Definitions:

Habituate

The process by which a person or animal becomes accustomed to a stimulus, leading to a decrease in response over time.

Primacy Effect

A bias towards better memory retention for items at the start of a list compared to those that come after.

Elaboration Effect

This effect describes how detailed processing and the integration of information into existing knowledge structures enhance memory retention.

Recency Effect

A memory phenomenon where the most recently presented items or experiences are likely remembered best.