1. 1970 (having an 11.04% rate of inflation)
2. Increased involvement in the Vietnam War, Great Society programs fully in effect.
"The late 1960's increase in inflation was due to the increase of taxes, increase the issuance of currency and cutting public expenditures, in the Lyndon B Johnson government, in order they could meet the military expenses they where having at that moment thanks to the Vietnam war."
3. Consumers lose purchasing power with inflation forcing them to buy less.
"If there is an increase in inflation but not in salary, the amount of earnings will not be powerful enough overtime, which means American consumers would be needing more money to satisfy their daily requirements."
The opportunity cost is the value of the next best alternative foregone. Every decision necessarily means giving up other options, which all have a value. The opportunity cost is the value one could have derived from using the same resources another way, though this is not always easily quantifiable.
A, I am Ethiopian and I have done research about the invasion and the leader of the invasion was mussolini
Its productive power was unmatched. This dominance ... Why Europe ruled the World .... So why did Europe achieve economic dominance? ..... ii) Germany did not have colonies, but did industrialise and become powerful.Trade was the driving force in making Europe into the dominant world power.Europe has been a backwater. Only around 500BC did Europe's southern fringe become an important part of the world,
The Indians wanted there land back
