Option: Government programs discouraging stagflation.
Explanation:
The years before the 1970s were with strong economic growth. During this period, the salaries of employees reduced as the economy of the country fell. Income inequality has risen among all Americans since the 1970s. The government tried to bring change and policies to reduced employment and inflation in America. The U.S. during that period, examine the monetary policy of the Federal Reserve, and discuss the withdrawal in monetary policy as directed by Milton Friedman that finally brought the country out of the stagflation.
