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.
It made the factories more accessible to get freight railed across vast distances reliable and to schedule.
It made the factories more accessible to get freight railed across vast distances reliable and to schedule.A manufacturer could say they could get something to you door to door almost in 7 days and you could rely on that instead of 10-14 days by horse and cart or longer.
It made the factories more accessible to get freight railed across vast distances reliable and to schedule.A manufacturer could say they could get something to you door to door almost in 7 days and you could rely on that instead of 10-14 days by horse and cart or longer.There are probably several reasons for Government regulations but one of the most obvious one was the Rail Gauge (distance between tracks). It enabled all of the rail companies build and use their own locomotives and rolling stock and use the same tracks rather than having to lay their own lines, or have bogie changing stations
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There were smarter, more qualified people working for the government which lead to a stable government.
Answer:
nagaswasaki in the plo of cloisseym
Answer:
what was the question? I doesn't seem like there is one.
Explanation:
