Answer:
Causes of stagflation in 1970:
1. The increase of oil prices and consequent increase of gasoline prices this phenomenon is known as cost push inflation.
2. Higher level of unemployment
Explanation:
Stagflation is the lethargic economic growth, depicted in factors such as high unemployment, happening while there are high rates of inflation in a given economy.
In 1970 the United States economy experienced stagflation because the oil prices reached historical high prices increases the cost of gasoline as well. As oil is the main raw material for producing gasoline the increase of oil prices caused a cost push inflation.
Usually economist believed that inflation was desirable as it was caused by the increase of demand, which mean that employment was being generated and therefore the need for consuming more goods and services was a logical explanation of the increase in demand. However, during the 70's this increase was the result of an externality (the increase of oil prices). At the same time the levels of unemployment rose in that decade creating the stagflation of the United States Economy.
Answer:
g - 336 = 246
Explanation:
In an equation there is an equal sign between two expressions. This equal sign helps to disclose the idea that the two expressions are equal. Also, this helps in translating the word phrases into algebraic equations and vice-versa.
In the given equation, there are two phrases. The first phrases id 336 less than g and the second phrase is 246. Both of them are related to each other with the help of the equal sign. Here g is the variable.
By keeping the government from serving as the only information source
Trusted them more then the other bank
