In the 1970s,the main economic problem was

A) stagflation.
B) huge budget surpluses.
C) a slow growing money supply.
D) an economy that was expanding too rapidly.

Question

In the 1970s,the main economic problem wasA) stagflation.B) huge budget surpluses.C) a slow growing money supply.D) an economy that was expanding too rapidly.

ANDREA DE VERA · Accepted Answer

Final Answer : A, Explanation :  The 1970s were marked by the phenomenon of stagflation, which refers to a combination of high inflation and high unemployment. This presented a significant challenge to economic policymakers and contributed to a period of economic uncertainty and volatility. Options B, C, and D are not accurate representations of the economic situation during the 1970s.

In the 1970s,the main economic problem was

A) stagflation.
B) huge budget surpluses.
C) a slow growing money supply.
D) an economy that was expanding too rapidly.

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