Nationalizations in the Late 1960s and First Half of the 1970s

question 18

True/False

Nationalizations in the late 1960s and first half of the 1970s occurred most often in the extractive industries and the banking sector.

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Definitions:

A W Phillips

An economist known for the Phillips Curve, which suggests an inverse relationship between unemployment and inflation rates.

Unemployment Rate

The quota of the working-age population that is without a job and searching for one.

Rate Of Change

A measure that determines the extent to which a quantity grows or declines over a particular period of time, often expressed as a percentage.

Economic Expansions

Phases in the business cycle where the economy grows, marked by increased production, employment, and consumer spending.