The economic problems of the United States in the 1970s have been labeled

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The economic problems of the United States in the 1970s were characterized by a combination of high inflation and stagnant economic growth, which became known as "stagflation." This was a unique and challenging economic phenomenon, as typical policy responses to combat inflation (such as raising interest rates) could worsen economic growth, and measures to stimulate growth (such as increased government spending) could fuel inflation.

The Economic Problems of the United States in the 1970s