The principal reason that American policymakers failed to reduce demand pressures upon prices in the late 1960s and in the 1970s was that:

Name: The principal reason that American policymakers failed to reduce demand pressures upon prices in the late 1960s and in the 1970s was that:
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The principal reason was a fear of the political consequences of implementing policies that would reduce demand pressures, such as raising taxes or cutting government spending, which could be unpopular with voters.

The Principal Reason That American Policymakers Failed to Reduce Demand