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Likurg_2 [28]
2 years ago
14

Which of the following factors affected the US economy during the 1970s? stagflation low inflation low unemployment high GDP.

SAT
1 answer:
madreJ [45]2 years ago
7 0

The factor which affected the US economy during the 1970s is: A. stagflation

In the 1970s, an energy crisis was a major event that took place in the United States of America due to the oil embargo imposed on it by OPEC.

An oil embargo was imposed on the United States of America by the Organization of Petroleum Exporting Countries (OPEC) in 1973, based on its role in the Arab-Israeli War.

Consequently, the economy of the United States of America experienced stagflation such as:

  • Slow economic growth.
  • Relatively high unemployment.

Find more information: brainly.com/question/23711616

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