The stagflation of the US economy in the early 1970s was characterized by

Question

History

Lane Stein

25 February, 08:47

The stagflation of the US economy in the early 1970s was characterized by

+3

Answers (1)

Know the Answer?

Rowan Walton · Answer 1

The stagflation of the US economy in the early 1970s was characterized by the increase in unemployment as well an increase in the inflation. There was an economic nd energy crisis at that time. This was due to the very high increase in prices of oil