Author Question: Which of the following factors made it difficult for major industries to hold the line against ... (Read 59 times)

meagbuch · **on:** Sep 12, 2019

Question 1

Which of the following was a major cause of inflation in the 1970s?

a. Deregulation of the airline and trucking industries
b. Increased industrial productivity
c. Tight credit policies
d. OPEC price increases

Question 2

Which of the following factors made it difficult for major industries to hold the line against inflation in the 1970s?

a. The quality of manufactured products increased, causing production costs to increase.
b. Higher labor costs accompanied a decline in productivity.
c. The supply of manufactured goods outstripped the demand for goods.
d. Corporate tax rates tripled during the decade.