Answer:
Explanation:
The 1970s saw some of the highest rates of inflation in the United States in recent history, with interest rates rising in turn to nearly 20%. One negative impact in the US economy was unemployment. Between 1968 and 1978, unemployment rose by 33%. The stock market have lost nearly 50% in two years, which meant that economic growth was weak. This led to rising unemployment that eventually impacted hundreds. As a result, Americans have less purchasing power.
