which is a true statement about the us economic climate during the 1970s?\no inflation was high and…

which is a true statement about the us economic climate during the 1970s?\no inflation was high and unemployment rates were low.\no inflation and unemployment rates were low.\no inflation and unemployment rates were high.\no inflation was low and unemployment rates were high.

which is a true statement about the us economic climate during the 1970s?\no inflation was high and unemployment rates were low.\no inflation and unemployment rates were low.\no inflation and unemployment rates were high.\no inflation was low and unemployment rates were high.

Answer

Brief Explanations:

The 1970s in the US saw a phenomenon called "stagflation", which is characterized by high inflation and high - unemployment rates simultaneously. This was due to factors like oil price shocks and ineffective economic policies at the time.

Answer:

Inflation and unemployment rates were high.