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The primary factor contributing to inflation in the U.S. during the 1970s was the combination of oil price shocks and supply chain disruptions. The 1973 oil embargo, imposed by OPEC, led to skyrocketing fuel prices, which in turn increased transportation costs and affected the prices of goods across the economy. Additionally, accommodating monetary policies and wage-price controls further exacerbated inflationary pressures, resulting in stagflation—characterized by stagnant economic growth and high inflation.
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Keynesian economics failed to deal successfully with _____.?
high inflation during the 1970s
What factor was a major cause of the stagnant economy in the US during the early 1970s?
A major factor contributing to the stagnant economy in the US during the early 1970s was the phenomenon of stagflation, characterized by high inflation combined with stagnant economic growth and high unemployment. This was exacerbated by rising oil prices following the 1973 oil embargo, which increased production costs and led to widespread economic uncertainty. Additionally, the end of the Bretton Woods system in 1971 contributed to volatility in currency values and inflationary pressures.
What did keynesian economics fail to deal with successfully with?
High inflation during the 1970s. This is the correct Gradpoint/Novanet answer. ~Chris
Which of these statements best describes the econmoy during the late 1970s?
Inflation and Unemployment was high! :)
What did Keynesian fail to deal successfully with?
High inflation during the 1970s. This is the correct Gradpoint/Novanet answer. ~Chris
Keynesian economics failed to deal successfully with _____.?
high inflation during the 1970s
What economic problem in the 1970s became much less significant during the Reagan years?
Inflation
What did keynesian economics fail to deal with successfully with?
High inflation during the 1970s. This is the correct Gradpoint/Novanet answer. ~Chris
Which of the follwing contributed most to the fish population dying during the 1970s?
Man
Which of these statements best describes the econmoy during the late 1970s?
Inflation and Unemployment was high! :)
What did Keynesian fail to deal successfully with?
High inflation during the 1970s. This is the correct Gradpoint/Novanet answer. ~Chris
What contributed most to the fish population dying during the 1970?
The preditors such as the bear, fisherman, alagator, and crocidile contributed to the fish population dying during the 1970s.
Was a factor that created oil shortages in the US during the 1970s?
oil embargo
Which factor did not contribute to the growth of the south's population during the 1970s?
traditional lifestyle
Which factor did not contribute to the growth of the Souths population during the 1970s?
traditional lifestyle
Which factor did not contribute to the growth of South's population during the 1970s?
traditional lifestyle
What cultural trends indicate that the 1970s were an anxious time for many Americans?
The 1970s saw a rise in activism and social movements, as Americans grappled with issues such as civil rights, the Vietnam War, and economic instability. The popularity of disaster movies and dystopian films also reflected a sense of anxiety and uncertainty prevalent during this decade. Additionally, the oil crisis and high inflation rates contributed to a general feeling of unease among many Americans during the 1970s.
