Which problem plagued most U.S. administrations throughout the late 1970s and 1980s?

Question

Quizplus · Accepted Answer

Throughout the late 1970s and 1980s, the United States faced a problem of stagnant wage growth but increasing inflation, also known as stagflation. This was a difficult economic situation for administrations to handle as traditional methods of stimulating economic growth, such as decreasing interest rates, could exacerbate the problem of inflation.

Which Problem Plagued Most U