which of the following was true of the us economy in the 1970s?\nprices for goods and services stayed the…

which of the following was true of the us economy in the 1970s?\nprices for goods and services stayed the same, but the dollar bought less than it previously had.\nmany americans were employed, and their wages increased dramatically over previous years.\nmany people made less money, but the dollar bought more goods and services than it previously had.\nprices for goods and services were increasing, and the dollar bought less than it previously had.

which of the following was true of the us economy in the 1970s?\nprices for goods and services stayed the same, but the dollar bought less than it previously had.\nmany americans were employed, and their wages increased dramatically over previous years.\nmany people made less money, but the dollar bought more goods and services than it previously had.\nprices for goods and services were increasing, and the dollar bought less than it previously had.

Answer

Answer:

D. Prices for goods and services were increasing, and the dollar bought less than it previously had.

Brief Explanations:

In the 1970s, the US faced stagflation - high inflation and slow economic growth. Inflation meant rising prices for goods and services, reducing the purchasing - power of the dollar. So the dollar bought less than before.