Why did the U.S.economy suffer from inflation in the mid-1970s?
A) It was brought on in part by military spending in Vietnam.
B) Unemployment was at its lowest point.
C) Consumer demand for goods was high.
D) President Richard Nixon did not address the problem.

Question

Quizplus · Accepted Answer

The inflation in the mid-1970s was partly due to the high military spending during the Vietnam War, which led to the increase in government borrowing and money supply. This, in turn, caused inflation as too much money chasing too few goods resulted in higher prices.

Why Did the U