The persistent problem of inflation,beginning in the late 1960s,had its causes in all of the following except
A) The full-scale entrance of the United States into the Vietnam War in 1965
B) "Oil shocks" in the 1970s
C) Rising production costs in almost every sector in the economy due to rising energy costs
D) Rising corporate taxes which raised the cost of doing business

Question

Quizplus · Accepted Answer

Rising corporate taxes may have had some impact on the cost of doing business, but it was not a significant contributor to the persistent problem of inflation. The full-scale entrance of the United States into the Vietnam War, "oil shocks" in the 1970s, and rising production costs due to rising energy costs were all major factors in causing inflation.

The Persistent Problem of Inflation,beginning in the Late 1960s,had Its