Which of the following caused inflation in the U.S. during the 1970s?


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

Verified Answer :

"Foreign events and the increase in unemployed Americans" is the one among the following choices given in the question that caused inflation in the U.S. during the 1970s. The correct option among all the options that are given in the question is the second option. I hope the answer has helped you.

Answer:

foreign events and the increase in unemployed Americans