Question

Stagflation in the US economy during the 1970s resulted in
A) low inflation.
B)slow economic growth.
C) an oil embargo.
D)a high value of goods.

Answer 1

1975 recession, had 5 quarters when the GDP was negative, so your answer is B

Answer 2

Stagflation in the US economy during the 1970s resulted in slow economic growth.

What is stagflation?

This isa period in the economy of a country where they are ridden with great unemployment as well as stagnant demand.

When this happens in the economy, the country would be said to have slow economic growth.

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