Author Question: The feature of the 1970s American economy that economists called stagflation consisted of economic ... (Read 73 times)

Yi-Chen · **on:** Sep 12, 2019

Question 1

As unemployment mounted in 1974, the federal government found that

a. there was little public support for action to reduce unemployment.
b. there was strong opposition among congressional Democrats to President Ford's spending proposals.
c. people feared that direct action could lead to new foreign embargoes.
d. policies designed to deal with unemployment fueled the already substantial inflation rate.

Question 2

The feature of the 1970s American economy that economists called stagflation consisted of economic stagnation with a combination of

a. high unemployment and low inflation.
b. low unemployment and high inflation.
c. low unemployment and low inflation.
d. high unemployment and high inflation.