Question

which is a true statement about the us economy during the 1970s?
prices for goods and services stayed the same, but a dollar bought less than it previously had.
many americans were employed, and their wages increased dramatically.
many people made less money, but a dollar bought more than it previously had.
prices for goods and services increased, and a dollar bought less than it previously had.

Explanation:

The 1970s US economy faced stagflation, marked by high inflation. This meant prices of goods and services rose sharply, and the purchasing power of the US dollar declined (each dollar bought fewer goods than before). The other options are incorrect: prices did not stay the same, wages did not rise dramatically amid economic struggle, and the dollar's purchasing power did not increase.

Answer:

D. Prices for goods and services increased, and a dollar bought less than it previously had.