In the 1970s and first half of the 1980s,the Canadian economy had high inflation and high unemployment.

Question

Quizplus · Accepted Answer

This is true. This period of economic difficulty is commonly known as "stagflation" and was marked by a combination of high inflation and high unemployment. It was caused by a variety of factors including rising oil prices, government debt, and economic policies that were not effective in resolving these issues.

In the 1970s and First Half of the 1980s,the Canadian