Stagflation in the us economy during the 1970s resulted in
Asked by admin @ in History viewed by 263 People
Stagflation in the US economy of the 1970s resulted in
low inflation.
slow economic growth.
an oil crisis.
increased wages.
Asked by admin @ in History viewed by 263 People
Stagflation in the US economy of the 1970s resulted in
low inflation.
slow economic growth.
an oil crisis.
increased wages.
Answered by admin @
The correct answer is: Slow economic growth
“Stagflation” is the result of stagnation together with inflation in the economy. Inflation is a rise in prices and stagnation is very slow production. When prices are high, people cannot bye and as a consequence, the industry does not make enough income to produce and it stagnates. However, these phenomena can result in prices going back down due to the slowing of the economy.
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