which best describes the state of the us economy of the 1970s?\nslightly increasing economic growth made…
which best describes the state of the us economy of the 1970s?\nslightly increasing economic growth made prices go down.\nsteadily decreasing economic growth made prices go down.\nfewer jobs and lower wages gave americans fewer resources.\nfewer but better paying jobs gave americans more resources.
Answer
Brief Explanations:
In the 1970s, the US economy faced stagflation - high unemployment and inflation. Fewer jobs and lower wages meant Americans had fewer resources. Economic growth was not increasing steadily to lower prices, nor was it steadily decreasing to lower prices. There were not fewer but better - paying jobs.
Answer:
Fewer jobs and lower wages gave Americans fewer resources.