QUESTION IMAGE
Question
economic crisis?
○ stagflation
○ deficit
○ programs
Brief Explanations
The 1970s economic crisis was characterized by stagflation, which is a combination of stagnant economic growth, high unemployment, and high inflation. "Deficit" refers to a shortfall (like budget deficit) and "programs" are too general. Stagflation specifically relates to the economic conditions of the 1970s.
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A. stagflation