Which of the Following Contributed to the Inflation of the Early

question 14

Multiple Choice

Which of the following contributed to the inflation of the early 1970s?

• A) the cost of the Vietnam War
• B) the cost of Social Security
• C) falling export rates
• D) the implementation of environmental regulations

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Definitions:

International Laws

Laws agreed on by nations; these laws are binding on nations and supersede their national laws.

Supersede

To replace or displace something in favor of something more recent or more effective.

Supreme Leader

A title often used to describe the highest-ranking individual in certain governments or organizations, possessing ultimate authority over decisions and policies.

Socialist Economic System

A socio-economic structure where production and distribution of goods are controlled by the state, aiming for equal wealth distribution.