The Economic Situation Experienced by the Country in the Mid-1970s

The economic situation experienced by the country in the mid-1970s was different from that in preceding times mainly because

A) inflation was higher than it had ever been.
B) total unemployment reached record levels.
C) it faced high unemployment coupled with high inflation.
D) the federal budget steadily decreased as a percentage of GDP.
E) this was the first time the Fed held to a tight monetary policy.