bewellplus.gsu.edu
denneCunicoco denneCunicoco
  • 21-10-2016
  • History
Answered

What reason why the US slipped into a deep economic recession in 1982?

Verified Answer :

lr1265
lr1265 lr1265
  • 30-10-2016

Because of stagflation due to the oil crisis and the energy crisis combined with the Federal Reserve's contractionary monetary policy, the United States slipped into a deep economic recession in July of 1981 to November of 1982.

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