The High Rates of Inflation That Were Experienced in the 1970s

question 102

Multiple Choice

The high rates of inflation that were experienced in the 1970s could partly be blamed on:

• A)the assumption the economy would continue to grow at the rates that the economy experienced in the 1960s.
• B)the Vietnam war.
• C)high oil prices.
• D)all of the answers given are correct.

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Definitions:

Manipulated

Altered or controlled in a deliberate way, often used in the context of variables in experimental research.

Variable

An element, feature, or factor that is liable to vary or change.

Continuous Variable

A type of variable that can take an infinite number of values within a given range.

Categorical Variable

A variable that can take on a limited, and usually fixed, number of possible values, grouping individuals into categories.