The Bush and Clinton Presidencies — Unit test

Question 11 • MCPSS AL-Grade 6 United States Studies: The Industrial Revolution to the Present - Summer School 2026

Which is a true statement about the US economy during the 1970s?

Answer

Prices for goods and services stayed the same, but a dollar bought less than it previously had.

Many Americans were employed, and their wages increased dramatically.

Many people made less money, but a dollar bought more than it previously had.

Prices for goods and services increased, and a dollar bought less than it previously had.

Explanation

During the 1970s, the United States experienced high inflation: prices for many goods and services rose. As prices increased, each dollar could buy fewer goods than before, so its purchasing power fell. Therefore, “Prices for goods and services increased, and a dollar bought less than it previously had” is true.

AI-written and checked against the verified answer.

More from this Course

Unit Test

Unit Test

Unit Test