During the 1970s and 1980s
A) the U.S. economy experienced a "golden age" of economic prosperity.
B) the United States began to compete effectively with, and in some cases outcompeted, European and Japanese corporations.
C) the United States produced over 80% of the world's manufactured goods.
D) the United States went through a long period of relative stagnation.

Question

Quizplus · Accepted Answer

During the 1970s and 1980s, the U.S. economy faced challenges such as stagflation, oil crises, and increased global competition, leading to a period of relative stagnation rather than prosperity.