Question

The economy of the 1970s moved from stagflation to affluence, increasing the appeal of the conservative argument that government regulation raised business costs and eliminated jobs.

a. True
b. False

Answer 1

True.

Step-by-step explanation:

The economy of the 1970s did experience a period of stagflation, which is a combination of high unemployment and high inflation. This economic condition was caused by a variety of factors.