The 1970s was a decade of generally
A) low output growth, increasing unemployment, and increasing inflation.
B) high output growth, increasing unemployment, and decreasing inflation.
C) low output growth, increasing unemployment, and decreasing inflation.
D) high output growth, decreasing unemployment, and decreasing inflation.

Question

Quizplus · Accepted Answer

The 1970s were characterized by stagflation, a period of low output growth, increasing unemployment, and increasing inflation, particularly due to oil price shocks and monetary policies.

The 1970s Was a Decade of Generally