The Economy in the 1970s Answers

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Which of the following is the best definition for the word stagflation?

An economic condition of high growth and high inflation

An economic condition of high growth and low inflation

An economic condition of slow growth and high inflation

An economic condition of slow growth and low inflation

Which of the following problems were happening in America’s economy?Check all of the boxes that apply.

Rising prices

High unemployment

Too many jobs

Low inflation

Falling wages

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