Examine the sequence showing the cause of the United States recession in the 1970s.

A sequence of three bubbles with arrows pointing downward showing the cause of the U S recession in the 1970's. The top bubble is labeled The high inflation caused businesses to have lowered profits. The middle bubble is blank. The bottom bubble is labeled The economy stalled.

Which statement belongs in the middle of the sequence?

Borrowing money was harder due to higher costs.
Prices of goods increased in order to increase profits.
Workers lost their jobs because businesses had less need for them.
More workers were hired as businesses increased production.

Answers

Answer 1

Answer:

B is correct

Explanation:

Answer 2

The statement which belongs in the middle of the sequence is that, "the Prices of goods increased in order to increase profits."

What is recession?

A recession is a significant decline in economic activity which spread across the economy and lasted more than a few months. It was normally visible in real GDP, real income, industrial production, employment and wholesale-retail sales.

How major was the United States recession in the 1970's?

The 1970s saw some of the highest rates of inflation in the United States in recent history. In turn, interest rates rose to nearly 20%.Fed policy, Keynesian economic policy, the abandonment of the gold window and market psychology all contributed to the high inflation.

The Great Inflation was blamed on oil prices, currency speculators, greedy businessmen and union leaders. However, it is clear that monetary policies that financed massive budget deficits and were supported by political leaders were the cause.

The U.S. Bureau of Labor Statistics estimates that 2.3 million jobs were lost during the recession, at the time, this was a post-war record. Although the recession ended in March 1975, the unemployment rate did not peak for several months.

What caused the US recession in the 1970s?

The US recession in the 1970's was caused by a period of economic stagflation. There were also other reasons which came about because of rocketing gas prices caused by OPEC's raising oil prices as well as embargoing oil exports to the U.S.

Other major factors included heavy government spending on the Vietnam War, and a Wall Street stock crash in 1973-74. All these causes led to the recession.

Hence, option B is correct.

To learn more about Recession of 1970's in US refer:

https://brainly.com/question/2845602

#SPJ2


Related Questions

WHAT IS A MODERN DAY EXAMPLE OF BLACKLISTING? WHAT KINDS OF THINGS CAN GET YOU BLACKUSTED??

Answers

Recording artist that don’t follow their labels rules
A blacklist might consist, for example, of a list of names developed by a company that refuses to hire individuals who have been indent as union organizers

The Berlin airlift operation, nicknamed “Operation Vittles,” provided food, fuel, and basic supplies for Allied forces stationed in Berlin during World War II.

True

False

Answers

Answer: True

Explanation:

List five rights that all free nations should enjoy

Answers

Answer:

The only first thing I can think is Freedom

Explanation:

Allowed to keep a gun, freedom of speech & political beliefs, equality

1.) How did the Silla turn Korea into an economic and cultural center?
2.) What development in Korean culture occurred during the Koryo dynasty?
3.) In what way was the Khmer Empire influenced by India?
4.) Pagan’s King Anawrahta built stupas, which are

PLS HELP IM NOT GOOD AT THIS STUFF-

Answers

Answer:

1) Once Silla was unified and established they had a rapid emergence of religion, commerce and art, that turned Silla and Korea into an economic and cultural center.

2) developments in architecture, ceramics, printing, and papermaking.

3)The Khmer empire used an adapted form of India's writing system.

4)Dome-shaped hindu temples.

Explanation:

How did the Dawes Plan help bring European prosperity after WWI?

Answers

Answer: It ended a crisis in European diplomacy following World War I and the Treaty of Versailles. The plan provided for an end to the Allied occupation, and a staggered payment plan for Germany's payment of war reparations.

I NEED HELP PLS AND U GET TEN POINTS THATS ALOT

Answers

Answer:

Its Assasination first, ultimatium second, war third,  germany declare 4th, and british one 5th in time order

Explanation:

Answer:  1 Archduke Ferdinand Assassinated

2  July Ultimatum

3 Austria-Hungary declares war on Serbia

4 Germany declares war on Russia and France

5 Britain declares war on Germany

Explanation: The Great War is also known as World War I.

It can be confusing. The history channel has a good explanation of the sequence of events.

to what extent did american colonies change after the revolutionary war from years 1775 to 1787

please help , thank you! ​

Answers

Answer:

The Revolution opened new markets and new trade relationships. The Americans' victory also opened the western territories for invasion and settlement, which created new domestic markets. Americans began to create their own manufacturers, no longer content to reply on those in Britain.

Explanation: That is it give me brainliest plz

Answer:

the person above is correct just to confirm

Explanation:

ftvytbbrhrbrb hello

hi

Which of the following is a true statement? (5 points)

Answers

Answer:

i need explanation pls

Explanation:

humans pass their gentic information dna from parent to offspring during???

Answers

Parents pass on genetic information to their offspring in the gametes (sex cells).

A graph has Quantity on the x-axis and price in dollars on the y-axis. A line that represents supply has a positive slope and a line that represents demand has a negative slope. The lines intersect each other at the point of equilibrium. A point on the demand line represents the quantity supplied, and a points on the demand line represents quantity demanded. Both are at the same price point below equilibrium. Use this graph to answer the following questions. In this example, what is occurring within the market? What is there an excess of? What could solve the problem shown in this graph?

Answers

Answer: 1)excess supply

2) they should fall

Explanation: 100% correct on edg

The market is in equilibrium when the supply and demand curves intersect. The quantity supplied and demanded is equal at this point. The quantity is the equilibrium quantity, and the price is the equilibrium price, also known as the market-clearing price.

What is the equilibrium law of supply and demand?

According to the law of supply and demand, prices will decrease if there is a surplus of a good or service compared to the demand for it. Price increases occur when demand outpaces supply. The price at which the supply and demand are in perfect balance in a free market is known as the equilibrium price.

The price at which the quantity of supply and demand is balanced is known as the equilibrium price. The point where the demand and supply curves intersect is what determines it. There is a surplus when there is more supply of a good or service than there is demand for it at the going rate; this forces the price down.

Learn more about the equilibrium law here:

https://brainly.com/question/29360471

#SPJ2

Search and seizure refers to...

Answers

Answer:

Search and Seizure “Search and seizure” refers to the methods used by law enforcement to investigate crimes, track down evidence, question witnesses, and arrest suspects. It also refers to the legal rules governing these methods.

Explanation:

Search and seizure is a procedure used in many civil law and common law legal systems by which police or other authorities and their agents, who, suspecting that a crime has been committed, commence a search of a person's property and confiscate any relevant evidence found in connection to the crime. (But put this in your own words)

PLEASE HELP ME

Is the federal government better at managing some things better than states are? Include examples and reasons for your claim.

Answers

Answer:

“There are some types of things that state governments are good at handling, and other things the federal government is good at handling,” said Jason Sorens, the program director of the Political Economy Project at Dartmouth College. “There are some kinds of fiscal relationships between the federal and state governments that are more efficient than others, but that’s not the same thing as saying that states are more efficient than the federal government.”

Explanation:

here are some examples to use for evidence, hope this helps! <3

What did the Industrial Revolution do for
American Travel?

Answers

Answer:

It used steam power to travel upstream. Steamboats were soon used to transport people and goods along rivers throughout the country. In order to make better use of water transportation, canals were built to connect rivers, lakes, and oceans. The most important canal built in the United States was the Erie Canal Roads, canals, and railways were three major components of transportation improved during the first industrial revolution. People used the roads as the basic way to transport the goods from one place to another. ... Transporting goods by canal lowered the risks of smashed products during route.

Explanation:

Answer:

The growth of the Industrial Revolution depended on the ability to transport raw materials and finished goods over long distances. There were three main types of transportation that increased during the Industrial Revolution: waterways, roads, and railroads. Transportation was important because people were starting to live in the West.

Why did the delegates at the Constitutional Convention establish the electoral college for electing a president?

Answers

Answer:

The electors were created by the Constitution to do only one thing: elect the President and Vice President of the United States. ... Some delegates wanted Congress to choose the President, but that would have upset the balance of power among the three branches of government.

Explanation:

What does it mean that the "necessary and proper" has been disputed in terms of strict
and broad interpretation?

Answers

Answer: What you believe is necessary and proper is completely up to interpretation and so there's really no strict way to govern people like that because its all up to what you think

Explanation:

2. How did nationalism and imperialism increase the tensions in before WWI?
Imperialism increased the conflicts between countries as they competed for territory, while nationalism
threatened the stability of existing nations.
Imperialism decreased the conflict between countries as they competed for territory, while nationalism
increased the stability of existing nations.
Nationalism increased the conflict between countries as they competed for territory, while imperialism
encouraged nations to annex foreign areas inhabited by people of their own nationality.
Nationalism decreased the conflict between countries as they competed for territory, while imperialism
discouraged nations to annex foreign areas inhabited by people of their own nationality.

Answers

Answer:

the belief that people's loyalty shouldn't be to a king or empire, but to their own nation. How did nationalism increase tensions among European nations? It increased power among the European nations. ... European colonies competed for colonies in Asia and Africa.

Explanation:

Transportation as a punishment was relatively successful. How far do you agree with this statement

Answers

Women in England mourning their lovers who are soon to be transported to Botany Bay, 1792

In dedicating his book to the Pope, what did Copernicus hope the Pope could help him do?

Answers

Answer:

Copernicus dedicated the book to Paul III who was known for his astrological predilection he had promoted an astrologer  to a cardinal because he had twice forecasted his election to the Papacy.

Explanation:

what year did free jazz become popular​

Answers

Answer:I BELIVE free jazz became people in the late 1950s and early 1960s.

Who is ultimately responsible for executing the laws of the United States?

1. The electoral college
2. The president
3. Federal courts
4. Congressional committees

Answers

Answer:

3. Federal courts

Explanation:!That is code for PLEASE MARK ME AS THE BRAINLIEST

Making pottery was a part of the____of Native Americans.
A)diet

B)shelter

C)daily lives

D)imported goods

Answers

Answer:

daily lives

Explanation:

it fits right

Answer:

C) Daily lives

Explanation:

it makes sense

Who was the 15th president Hamilton?

Answers

Answer:

Alexander Hamilton

Explanation:

Explain this Quote:
“The way to right wrongs is to turn the light of truth upon them.”
-Ida B Wells
(Feel free to explain in your own words)
PLEASE HELP!!

Answers

Answer:

She is saying that the way to correct untrue or wrong situations is, to tell the truth or find it.

Explanation:

What is the CORRECT answer ? I could be wrong.

Answers

You were right I think

True or false
Slaves were brought from west Africa's mainland islands off the west African coast.

Answers

Answer:

The answer is ture !

Explanation:

hope this helps !

and if you want to can you mark me brainliest

About how long was the hegira (journey from Mecca to Medina)?

Select one:
a. 200 miles
b. 1,000 miles
c. 20 miles
d. 500 miles

Answers

200 miles, I am sure that this is the correct answer.
I think 200 if it is wrong I am very sorry please thank me


Using examples of a modern day society. How did Rome's civil conflicts (political, economic and
social) affect the nation's unity?

Answers

Answer:

look it up

Explanation:

The Spanish later then encouraged the _________________ to settle in Trinidad.
1 point
A.French
B.British
C.Americans
D.Africans​

Answers

Answer:

B, British.

Explanation:  

PLEASE HELP MEE !!!
I NEED TO TURN IN TODAY PLEASEE

Answers

It says to use a PowerPoint. I don’t know the answers to this considering we don’t have access to the PowerPoint. I’m sorry. My guess is to look for the power point your teacher is talking about and to finish your notes that way. I’m sorry I couldn’t be of any other help

What was different about the life of slaves in the British colonies compared toBrazil and the Carribean?

Answers

Answer:

Slavery formed a cornerstone of the British Empire in the 18th century. Every colony had enslaved people, from the southern rice plantations in Charles Town, South Carolina, to the northern wharves of Boston.

Slavery was more than a labor system; it also influenced every aspect of colonial thought and culture. The uneven relationship it engendered gave white colonists an exaggerated sense of their own status. English liberty gained greater meaning and coherence for white people when they contrasted their status to that of the unfree class of enslaved black people in British America. African slavery provided white colonists with a shared racial bond and identity.

Explanation:

Other Questions
should I have a cheeseburger for breakfast how is it possible for one twin to get skin cancer but the other one doesnt All of the following are accurate statements about the Bill of Rights EXCEPT A.the Bill of Rights was not part of the original Constitution B. the anti-federalists opposed adding a bill of rights to the ConstitutionC. the Bill of Rights was added to the Constitution as a compromise measure. D. the Bill of Rights reflected a fear of a strong central government. Mankind has used biotechnology in agriculture, food production, and medicine for thousands of years. As advances are made in biotechnology, it is important to make informed decisions in order to avoid the hazards associated with which of the following? How did Rockefeller acquire his wealth? write a short note on Shivaji Maharaj in Englishplease help me out in this question Can anybody help me with this please hurry it is due at 4 oclock The picture has my question In the given figure, AC = BC, DCA = ECB and DBC = EAC. Prove that DBC EAC and DC = EC What is the range of the function f(x)= 2 + 4 when the domain is {-2, 0, 3}?A {4.25, 5, 12} B. {0, 4, 10}C. {4.25, 4, 12} D. All Real Numbers 1. What did the Europeans believe about the Africans? PLS HELP NEEDED ASAP GIVING BRAINLESS Which number is the location of Coral Sea? Which power given to the president by Congress established the president's authority over the executive branch?a. the ability to appoint cabinet membersb. the ability to appoint the executive branch membersc. the ability to dismiss senators and representativesd. the ability to dismiss cabinet officers without Senate approval What is the main point of paragraph 3?A Red blood cellsB the skeletal systemC the structure of a boneD bones, cartilage, and blood vessels What are the WORST computer malware in your opinion it can be worms backdoors and trojans I just want a input, nothing right or wrong write the following equation in slope- intercept form 6x+2y=20 Please select the word from the list that best fits the definition The numbers we use today Answers? Ill give you whatever you want Word processing software is used primarily by schools rather than businesses.True or false