Question

Which best describes the state of the US economy of the 1970s?

Answer 1

Fewer jobs and lower wages gave Americans fewer resources and this statement best describes the state of the United states economy of the 1970s. The correct option among all the options that are given in the question is option "c". United States economy was going through a period of recession during the 1970s.

Answer 2

The correct answer is C)Fewer jobs and lower wages gave Americans fewer resources.

The 1970's is a decade in American history that is categorized by turmoil and slow economic growth.The fewer jobs and lower wages are often attributed to the economic policies of presidents like Gerald Ford and Jimmy Carter. The inability of these two presidents to address the issue of inflation and fix the issues caused by the crisis with the organization that provided oil for the United States (OPEC) resulted in several different issues that negatively impacted the American economy.