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Why did economists invent the term stagflation to describe the economic problems in the United States during the 1970?
to describe a situation caused by a weak economy and rising prices
Which of these was a problem faced by the ford adminsitration?
The Ford administration was faced with the problem of the capture of an american ship by Cambodians.
What did Nixon do in response to stagflation?
In response to stagflation in the early 1970s, President Nixon implemented several measures, including wage and price controls to combat inflation and stabilize the economy. He also took the U.S. off the gold standard in 1971, allowing for a more flexible monetary policy. Additionally, Nixon introduced policies aimed at stimulating growth, such as increased government spending and tax cuts. These actions reflected an attempt to balance the dual challenges of rising prices and stagnant economic growth.
What does pre 1970's mean?
It means just before the 1970's.
Explain the importance of the Mayflower Compact?
The importance is that Maloree Rainwater Rocks
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 the major problem for the US in the late 1970's?
Government programs discoruaging stagflation
What was a major problem in 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
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
Why did the economists invent the term stagflation to describe the economic problems in the US during the 1970?
to describe a situation caused by a weak economy and rising prices
Why did economists invent the term stagflation to describe the economic problems in the US during the 1970's?
to describe a situation caused by a weak economy and rising prices
Why did economists invent the term stagflation to describe the economic problems in the United States during the 1970?
to describe a situation caused by a weak economy and rising prices
