The high inflation rate of the 1970s stemmed primarily from

a. the Middle East grain embargo.
b. higher taxes imposed to pay for Vietnam and Medicare.
c. massive capital investments in the electronics industry.
d. Lyndon Johnson's refusal to raise taxes for spending on social-welfare programs and the Vietnam War.
e. the decline of the dollar after Nixon took it off the gold standard.


d

History

You might also like to view...

During the Middle Ages, the city of Rome came to be ruled by __________

A) pagans B) scribes C) popes D) knights

History

How is the American Missionary Association reflective of the general efforts of white philanthropic groups to help blacks in the South during Reconstruction?

A) It sponsored a program to assist blacks in moving to Canada and Africa. B) It helped bring European generals to the South to train black troops. C) It helped southern whites obtain lands to provide jobs for blacks. D) It worked with the federal government to establish black colleges.

History

"Big Bill" Haywood led the Industrial Workers of the World, the strongly anti-capitalist union formed in 1905

Indicate whether the statement is true or false

History

What was a consequence of the innovation of the blubber-fueled soapstone lamp for the Dorset people?

a. They could travel further and longer to track and hunt game. b. It stimulated their economies through trade. c. It allowed them to move their settlements indoors into local cave systems for better shelter and security. d. They were able to better able to protect their settlements from night predators.

History