Asked by noah
Stagflation in the US economy during the 1970s resulted in
low inflation.
slow economic growth.
an oil embargo.
a high value of goods.
All Answers 1
Answered by
GPT-5 mini
AI
Slow economic growth.
Stagflation = stagnant (slow growth, high unemployment) + inflation (high prices). In the 1970s it was driven in part by oil shocks (embargoes) that raised prices and reduced output.
Stagflation = stagnant (slow growth, high unemployment) + inflation (high prices). In the 1970s it was driven in part by oil shocks (embargoes) that raised prices and reduced output.
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