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anonymous

  • one year ago

In the US economy of the 1970s, slightly increasing economic growth made prices go down. steadily decreasing economic growth made prices go down. fewer jobs and lower wages gave Americans fewer resources. fewer but better-paying jobs gave Americans more resources.

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  1. paki
    • one year ago
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    what you guess here about the answer...?

  2. anonymous
    • one year ago
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    A

  3. paki
    • one year ago
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    hmmm.... agree with A.... The 1970s were perhaps the worst decade of most industrialized countries' economic performance since the Great Depression.[4] Although there was no severe economic depression as witnessed in the 1930s, economic growth rates were considerably lower than previous decades. As a result, the 1970s adversely distinguished itself from the prosperous postwar period between 1945 and 1973. The oil shocks of 1973 and 1979 added to the existing ailments and conjured high inflation throughout much of the world for the rest of the decade. U.S. manufacturing industries began to decline as a result, with the United States running its last trade surplus (as of 2009) in 1975. In contrast, Japan's economy continued to expand and prosper during the decade, boosted by growing exports.

  4. anonymous
    • one year ago
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    YAY! thanks!

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