One of the Major Economic Problems of the Sixteenth Century

question 115

Multiple Choice

One of the major economic problems of the sixteenth century in Europe was

• A) deflation.
• B) inflation.
• C) stagflation.
• D) depression.
• E) a population decline which led to massive unemployment.

---

Definitions:

Heuristic

Cognitive shortcuts or rules of thumb that simplify decision making, often at the expense of accuracy or completeness.

Mechanical Procedure

A process or operation that is carried out with machinery or equipment rather than by hand or through human effort.

Expert

An individual with advanced knowledge or skills in a specific area, resulting from significant experience, research, or education.

Conceptual Network Approach

A method in cognitive psychology that describes how concepts and their properties are interconnected in the mind to form a network.