The stagflation of the US economy in the early 1970s was characterized by- a. high unemployment and low inflation.
b. low unemployment and high inflation.
c. low unemployment and low inflation.
d. high unemployment and high inflation.

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living during the great depression had a major affect on the mentality many people. a good portion of people who lived during that time do not trust banks. this is likely the result of the many widespread bank failures in the 30s that caused people to lose their life savings.