which is a true statement about the us economy during the 1970s?\nprices for goods and services stayed the…

which is a true statement about the us economy during the 1970s?\nprices for goods and services stayed the same, but a dollar bought less than it previously had.\nmany americans were employed, and their wages increased dramatically.\nmany people made less money, but a dollar bought more than it previously had.\nprices for goods and services increased, and a dollar bought less than it previously had.

which is a true statement about the us economy during the 1970s?\nprices for goods and services stayed the same, but a dollar bought less than it previously had.\nmany americans were employed, and their wages increased dramatically.\nmany people made less money, but a dollar bought more than it previously had.\nprices for goods and services increased, and a dollar bought less than it previously had.

Answer

Brief Explanations:

The 1970s in the US saw stagflation - a combination of high inflation and slow economic growth. Inflation means rising prices for goods and services, reducing the purchasing - power of the dollar. So, a dollar bought less than it previously had.

Answer:

Prices for goods and services increased, and a dollar bought less than it previously had.