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.
An urban area that controls neighboring farmland but is not under the control of any empire or another government is called as the city-state. The city-state is like a small country that governs small city or cities and is not being managed by another government.
Answer:
The benefits of being different are you can be your true you, also it can help you increase self-esteem. The cost of being different is people have to understand you act differently from others. People may not be your friend because you stick out from the rest. Hope this helps! :) Sorry if this wasn't the answer you was looking for.
<h2>As I was saying, I hope this helps!</h2>
Answer:
Many were pirates based in the Caribbean is the statement which is not accurate.
Explanation:
European slave traders involved themselves in slave exchange during the fifteenth century. Mostly Africans were subjugated as they were considered to be the inexpensive form of labor to toil in the plantations and mines. Slaves come from Slav lands and that’s the reason they have been entitled as slaves.
Slave traders of Europe made huge profits through the Atlantic slave trade. Africans were oppressed as they were made to work in horrendous work environment for long hours. Slavery affected Africa and many internal wars sprang up due to the emergence of slave trade.
