By the end of the 1960s, many countries felt that they were importing inflation from

Name: By the end of the 1960s, many countries felt that they were importing inflation from
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The United States had a dominating economic presence in the world by the end of the 1960s, and many countries felt that the rising inflation in the United States was affecting their own economies through increased import prices. This phenomenon was referred to as “imported inflation."

By the End of the 1960s, Many Countries Felt That