In the history of the U.S.economy,which economic era saw both high unemployment and high inflation at the same time?
A)After the Great Depression to the early 1970s
B)Since the early 1980s
C)The colonial period
D)Before and during the Great Depression
E)From the early 1970s to the early 1980s

Question

Quizplus · Accepted Answer

The period from the early 1970s to the early 1980s in the U.S. economy experienced a phenomenon known as stagflation, characterized by high unemployment and high inflation simultaneously. This was a unique economic challenge that contradicted the then-prevailing economic theories, which typically saw an inverse relationship between inflation and unemployment.

In the History of the U