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kramer
2 years ago
10

How well did American leaders deal with the challenge of stagflation

History
1 answer:
MAVERICK [17]2 years ago
3 0

Answer:

Key Takeaways. Economists sometimes link employment to inflation. ... In the 1970s, Keynesian economists had to rethink their model because a period of slow economic growth was accompanied by higher inflation. Milton Friedman gave credibility back to the Federal Reserve as his policies helped end the period of stagflation.In economics, stagflation or recession-inflation is a situation in which the inflation rate is high, the economic growth rate slows, and unemployment remains steadily high. It presents a dilemma for economic policy, since actions intended to lower inflation may exacerbate unemployment.

Explanation:

Hope this helps ..!!!

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