which is a true statement about the us economic climate during the 1970s?\ninflation was high and…

which is a true statement about the us economic climate during the 1970s?\ninflation was high and unemployment rates were low.\ninflation and unemployment rates were low.\ninflation and unemployment rates were high.\ninflation was low and unemployment rates were high.

which is a true statement about the us economic climate during the 1970s?\ninflation was high and unemployment rates were low.\ninflation and unemployment rates were low.\ninflation and unemployment rates were high.\ninflation was low and unemployment rates were high.

Answer

Brief Explanations:

The 1970s in the US saw stagflation, a situation where both inflation and unemployment rates were high. This was due to factors like oil - price shocks and inefficiencies in the economy.

Answer:

C. Inflation and unemployment rates were high.