How did inflation in the 1970s contribute to Washington’s boom-and-bust cycles?
(1 point)
Responses
It decreased unemployment in key industries.
It decreased unemployment in key industries.
It drove up the cost of consumer goods.
It drove up the cost of consumer goods.
It increased wages for workers.
It increased wages for workers.
It spurred production in agriculture.
2 answers
It drove up the cost of consumer goods.
It drove up the cost of consumer goods.
a change in focus to large businesses, science, and technology
It caused fuel shortages.
They lost their jobs in industry due to competition from demobilized soldiers.
It banned discrimination in employment.
They believed it was a quagmire that didn’t help the country’s economy.
a change in focus to large businesses, science, and technology
It caused fuel shortages.
They lost their jobs in industry due to competition from demobilized soldiers.
It banned discrimination in employment.
They believed it was a quagmire that didn’t help the country’s economy.