Questions tagged [economic problem]

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SakuraBloom SakuraBloom Mon Jan 20 2025 | 6 answers 1435

What was the main economic problem in the 1970s?

In the 1970s, the main economic problem was characterized by high inflation, slow economic growth, and high unemployment, often referred to as 'stagflation', causing widespread economic distress and uncertainty.

What was the main economic problem in the 1970s?

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