-The rising spikes in the increasing rates of inflation and unemployment that took place during the 1970s represent .

Name: -The rising spikes in the increasing rates of inflation and unemployment that took place during the 1970s represent .
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Stagflation is characterized by slow economic growth and high unemployment (stagnation) accompanied by rising prices (inflation), which describes the economic conditions of the 1970s accurately.

-The Rising Spikes in the Increasing Rates of Inflation and Unemployment