In both the 1970s and the 1990s, extreme economic events caused unemployment to move in the same direction as inflation.

Name: In both the 1970s and the 1990s, extreme economic events caused unemployment to move in the same direction as inflation.
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This statement is true. In the 1970s, the phenomenon was known as "stagflation" where high inflation and high unemployment occurred at the same time. In the 1990s, the recession resulted in a spike in unemployment and a decrease in inflation.

In Both the 1970s and the 1990s, Extreme Economic Events