Answer:
I dont know if this is an optional choice question if so this is probabaly wrong on the ABCD scale so you can report this but otherwise if not:
People make up there mind with the knowledge of there own opinions and what <em>is</em><em> </em>factual to them so to change there minds is because it is based on other peoples opinions and this makes sense ( the easiest way to explain it is as if its a filter going through this persons brain and them identifying if this is factual to them or not in <em>their</em> opinion) to them so, after they go through this process of <em>proving</em> this other information that they held so kindly to there truth, <em>wrong</em> this suddenly changes there mind. By what they think is factual enough to believe <em>at least to them. </em><em>It</em><em> </em><em>can</em><em> </em><em>be</em><em> </em><em>diffe</em><em>rent</em><em> </em><em>for</em><em> </em><em>everyone</em><em> </em><em>else</em><em>.</em><em> </em>
NORTHWEST TERRITORY. NORTHWEST TERRITORY. Part of the vast domain ceded by Great Britain to the United States in the Treaty of Paris (1783), the Northwest Territory encompassed the area west of Pennsylvania, east of the Mississippi River, and north of the Ohio River to the border with British Canada.
It didnt, its all fake news
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.
