Which of the Following Experiences in the Australian Economy Led

question 66

Multiple Choice

Which of the following experiences in the Australian economy led to an increase in the unemployment rate and the inflation rate?

• A)The world oil shock of 1974.
• B)The policy of high interest rates in the late 1980s.
• C)The introduction of the Goods and Services Tax (GST)in 2000.
• D)The introduction of unemployment benefit payments in 1944.

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Definitions:

Reseller Branding

Strategy where a company sells products manufactured by others under its own brand name.

Private Branding

A strategy where products are produced by one company but are sold under another company's brand or label.

Wholesaler

A person or company that sells goods in large quantities to retailers, rather than to the end consumer.

Retailer

A business or entity that sells goods directly to consumers, acting as the final link in the distribution chain from manufacturers to end users.