The 1960s are remembered by most economists as a period of
A)very high rates of inflation.
B)very high rates of unemployment.
C)price controls and low inflation.
D)noninflationary growth.
E)all of the above.

Question

Quizplus · Accepted Answer

The 1960s saw a period of sustained economic growth with low unemployment and low inflation, known as the "golden age of capitalism." This was largely due to government policies that aimed at maintaining economic stability and growth, without resorting to price controls or excessive monetary tightening. As a result, the economy experienced noninflationary growth during this period, making option D the best choice.

The 1960s Are Remembered by Most Economists as a Period