The correct answer is the first option: one consequence of stagflation is that the economy drastically slows down as money loses its buying power.
Stagflation is known as an economic problem that occurs when there are rising inflation and unemployment which causes money to lose its original value. Thus, spending declines and loses its buying power too.
<em>A statement about the industrial revolution and capitalism that's true is;</em>
C. New technology made production much more efficient.
<u>A feature of the Industrial Revolution has been the advance in power technology. </u>
<u>At the beginning of this period, the major sources of power available to industry and any other potential consumer were animate energy and the power of wind and water, the only exception of any significance being the atmospheric steam engines that had been installed for pumping purposes, mainly in coal mines. </u>
Depends on your world view
