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Which events led to stagflation in the 1970?

Updated: 11/26/2021
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7y ago

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A combination of high oil prices, high unemployment, high interest rates and a resulting sharp drop in ecomomic activity and consumer spending.

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Elian Collins

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2y ago
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9y ago

Vietnam War and oil crises A+ Lolo

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Q: Which events led to stagflation in the 1970?
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Related questions

What decade had the most stagflation?

1970's


What was a major problem for the US in the late 1970?

Government programs discoruaging stagflation


What was a major problem in the US in the late 1970's?

Government programs discoruaging stagflation


What was the major problem for the US in the late 1970's?

Government programs discoruaging stagflation


Was a major problem for the US in the late 1970's?

Government programs discoruaging stagflation


What are some examples of stagflation today?

none, stagflation has only existed in the 1970's as a phenomena created by external factors. we are constantly in danger of stagflation when unemployment is high and external forces create tension in the markets, but following classical economic theories recession and inflation are mutually exclusive.


How did the organization of petroleum exporting countries embargo contribute to stagflation problems in the early 1970?

oil prices increased


What events of recent history led the US to doubt itself in the 1970?

Watergate and the failure of the Vietnam War policy.


When rising prices occur simultaneously with high unemployment it is called?

Funnily enough, it's called stagflation...


How did the organization of petroleum exporting countries embargo contribute to stagflation problems in the early 1970's?

oil prices increased


What events of recent history led the US to doubt itself in the 1970's?

Watergate and the failure of the Vietnam War policy.


What was the importance of the stagflation in 1970?

Stagflation was the combination of increasing inflation and unemployment that the US was experiencing. It was occurring because OPEC placed a trade embargo for oil on the US because the US had supported Israel in a war against Iraq.