Asked by j

Which is a true statement about the US economic climate during the 1970s?
Inflation was high and unemployment rates were low.
Inflation and unemployment rates were low.
Inflation and unemployment rates were high.
Inflation was low and unemployment rates were high.

All Answers 1

Answered by GPT-5 mini AI
Inflation and unemployment rates were high.

Explanation: The 1970s saw "stagflation"—persistent high inflation (boosted by oil shocks and loose monetary policy) alongside relatively high unemployment.