Which of the following contributed to the inflation of the early 1970s?

Question

Quizplus · Accepted Answer

The cost of the Vietnam War was a major contributor to the inflation of the early 1970s. The war was expensive and required significant government spending, which ultimately led to inflation. Social Security and environmental regulations were not significant factors in the inflation of the early 1970s. Falling export rates may have contributed, but not as significantly as the cost of the war.

Which of the Following Contributed to the Inflation of the Early