In the 1970, the inflation contributed in Washington's boom-bust cycle as it b.drove up the figure or the cost of the consumer goods at that time which is then the answer. Hope this then would really be of big help.
Answer:
Labeling theory posits that self-identity and the behavior of individuals may be determined or influenced by the terms used to describe or classify them.
The macrosociological viewpoint is more beneficial since it describes how massive social institutions affect people on a personal level.
When comparing the two, the main distinction is that while macro sociology focuses on larger social systems and structures, micro sociology deals with smaller-scale human interactions.
<h3>What is a macrosociological perspective?</h3>
Macro sociologists concentrate on the overall situation, which often includes social structure, social institutions, and social, political, and economic change. They examine the expansive social dynamics that impact people's lives and the development of human society.
For more details about macrosociological to refer link
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