which of the following was true of the us economy in the 1970s?\no prices for goods and services stayed the…

which of the following was true of the us economy in the 1970s?\no prices for goods and services stayed the same, but the dollar bought less than it previously had.\no many americans were employed, and their wages increased dramatically over previous years.\no many people made less money, but the dollar bought more goods and services than it previously had.\no prices 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?\no prices for goods and services stayed the same, but the dollar bought less than it previously had.\no many americans were employed, and their wages increased dramatically over previous years.\no many people made less money, but the dollar bought more goods and services than it previously had.\no prices for goods and services were increasing, and the dollar bought less than it previously had.

Answer

Brief Explanations:

In the 1970s, the US faced stagflation - a combination of stagnant economic growth and high inflation. High inflation meant prices for goods and services were rising, and the purchasing - power of the dollar decreased.

Answer:

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