Which of the following most significantly contributed to the 1970s' and the early 1980s' stagflation in Canada?
A)An appreciation of the Canadian dollar
B)A sharp drop in the prices of farm products
C)A dramatic increase in energy prices
D)Rising productivity in manufacturing

Question

Quizplus · Accepted Answer

The dramatic increase in energy prices, particularly for oil from OPEC countries, was a major contributor to the stagflation of the 1970s and early 1980s in Canada. This led to high inflation and high unemployment rates, known as stagflation.

Which of the Following Most Significantly Contributed to the 1970s