The surname Pedrick is of British ancestry. Among others with that name are Arthur Paul Pedrick (1976–1977) innovator and British patent examiner Gale Pedrick Pilkington, Elton Tang Sing Chung,
<h3>What do you mean by invention?</h3>
An invention is a special or original process, composition, or gadget. The process of the invention is one step in a larger technical and product development process.
It could be a new procedure for producing an item or a result, an upgrade to an existing device or product, or both.
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Lincoln's political rise is one of the most interesting stories in American history. When Lincoln first entered into politics at the age of 23, he was seen as being ill-prepared to hold office and, moreover, lacking in charm in education. <span> Over time, his intelligence, good humor, and ability to connect with votes lead him to gain greater political clout. Before 1856, Lincoln's political offices consisted mostly of service in the Illinois General Assembly and one term in Congress. In 1856 he joined the new Republican Party. Two years after that he ran for the U.S. Senate, making a name for himself in debates. By 1860 he became the first Republican candidate to win a presidential election.</span>
Abolitionist Movement. please brainliest if u can <3
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.
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