Which is a true statement about the US economy during the 1970s?

Prices for goods and services stayed the same, but a dollar bought less than it previously had.

Many Americans were employed, and their wages increased dramatically.

Many people made less money, but a dollar bought more than it previously had.

Prices for goods and services increased, and a dollar bought less than it previously had.

Question

History

Rebecca Gould

9 August, 01:52

Which is a true statement about the US economy during the 1970s?

Prices for goods and services stayed the same, but a dollar bought less than it previously had.

Many Americans were employed, and their wages increased dramatically.

Many people made less money, but a dollar bought more than it previously had.

Prices for goods and services increased, and a dollar bought less than it previously had.

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Answers (1)

Know the Answer?

Briana Henson · Answer 1

"Prices for goods and services increased, and a dollar bought less than it previously had" would be the best option, since this period brought with it one of the worst economies since the 1930s, due in part to the oil crisis.