Question

Which of the following caused inflation in the U.S. during the 1970s? (5 points)

the price of imported oil was very low for over a decade
foreign events and the increase in unemployed Americans
globalization and the increase in American incomes
the government printed money to pay off old World War II debts,

Answer 1

Foreign events

Step-by-step explanation:

Answer 2

Foreign events and the increase in unemployed Americans caused inflation in the U.S. during the 1970s. Inflation happens when the product's cost are higher than the normal price. It happens when there is a calamity which can be a disadvantage to the poor.