Answer:
The answer is (b-)False.
Explanation:
<u>The United States never attempted to disengage from world affairs and embrace isolationism</u>, but quite the opposite. Even before World War II ended, the US took a leading role in shaping the postwar world, especially through the conferences of Teheran in 1943, Yalta and Potsdam in 1945 that brought "The Big Three" together (Franklin. D. Roosevelt, Winston Churchill and Iosif Stalin). The United States was also a founding member of the United Nations in 1945, and was designated as one of the five permanent members of the United Nations Security Council.
Always look at the present and if anything bad happened in the past learn from it so that it can help you grow, and don't be selfish always be kind and giving so that you can be fruitful towards others
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.