by the end of the 1960s, the government's failure to raise taxes to pay for these efforts led to accelerating inflation, which eroded this prosperity. The 1970s' Effect on the Economy The 1973-1974 oil embargo by members of the Organization of Petroleum Exporting Countries pushed energy prices rapidly higher and created shortages.
Answer: a. Democratic Theory. The democratic theory emphasizes the values of liberty, equiality and justice in any system of governance. The traditional democratic rule revognizes everyone's worth and dignity.
