tested..................... .
A) there is no scope for originality
B) one is still not sure how they will behave in a particular situation
C) new method of construction are overlooked
D) the costs will naturally be excessively high.
E) one knows in advance that the result will be satisfactory
Both as a profession and as a science, economics lost considerable prestige during the
recession of 1974-1975. The crisis that sized the western industrialised countries,
including Japan, was of a character not to be found in economics textbooks: rate of
inflation exceeding 10% a year coupled with declining production and high levels of
unemployment. Hitherto, peacetime inflation had been associated with high
employment and an overactive economy, while high rates of employment went with
the recession and depression. The next combination was aptly called stagflation.
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