62. Unit 10-1: 70s Economics

Match it! Select the correct answer from the pull down...Good luck!

During the late 1960’s into the 1980’s inflation is high and the economy is _____________, no growth and no decline.

When you don’t have oil the economy can not run properly. Economy can not run without gas and electricity.

When inflation is high and unemployment is also high this creates a stagnant economy, or_________________.

Several countries in the Middle East for a coalition, (OPEC). They punish the US for supporting ___________ and cut off oil supply to the US.

Inflation is when the price of all the goods rise or the government has ___________too much money.

An argument for stopping the “gold standard” is the government can now print more money. Hopefully, this would get the economy growing.

When we flood stores, banks, etc. with money it’s value _____________, it’s not worth as much.

Having the “gold standard” in place __________the value of that money. It still holds its value.