According to Oatley,the Reason Inflation Fell in the 1980s in Europe

question 34

Multiple Choice

According to Oatley,the reason inflation fell in the 1980s in Europe was because

• A) the fall in energy prices lowered production costs dramatically.
• B) unions and businesses were convinced that the government would devalue their currencies.
• C) the EMS took away the control of monetary policy away from government.
• D) the ECB was one of the world's most independent central banks.
• E) European governments accepted higher unemployment that tight monetary policies generated.

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Definitions:

Common Carrier

A business or service that is licensed to transport goods or people and is required to offer its services to the public under equal terms.

Damaged Goods

Damaged goods refer to products that have been harmed or reduced in value before they can be sold to the consumer, often leading to loss for the seller.

Nonbreaching Party

A nonbreaching party is a party in a contract who has fulfilled their obligations and has not violated the terms of the contract.

Damages

Monetary compensation required to be paid as a remedy for loss or injury suffered as a result of a breach of contract or tort.