-The rising spikes in the increasing rates of inflation and unemployment that took place during the 1970s represent .
A) "stagflation"
B) an economic depression
C) a boom-and-bust cycle
D) sustainable growth

Question

-The rising spikes in the increasing rates of inflation and unemployment that took place during the 1970s represent .
A) "stagflation" 
B) an economic depression 
C) a boom-and-bust cycle 
D) sustainable growth

Quizplus · Accepted Answer

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