The Vietnam War Contributed to the High Inflation of the 1960s

question 50

Multiple Choice

The Vietnam War contributed to the high inflation of the 1960s because it __________.

• A)diverted money from the private sector
• B)increased spending without an increase in productivity
• C)led to higher taxes that pushed down the real value of wages
• D)pushed up interest rates as private borrowers competed with the government

Understand the interdisciplinary nature of behavioral economics and its reliance on insights from psychology.

Realize the application of behavioral economics in marketing strategies, such as product placement.

Understand the concept and significance of strong organizational cultures.

Identify the role of founders and top management in shaping organizational culture.

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Definitions:

Positive Reinforcement

A motivational technique in psychology, involving the addition of a rewarding stimulus following a desired behavior, to increase the likelihood of it occurring again.

Pleasant Event

An occurrence that induces positive feelings, satisfaction, or enjoyment.

Task Group

A task group is a set of individuals gathered to achieve a specific goal or accomplish a set task through collective effort.

Delegate Council

a group of representatives tasked with making decisions on behalf of a larger group.