In the economic climate of the 1970s, inflation was high and unemployment rates were low. inflation and unemployment rates were low. inflation and unemployment rates were high. inflation was low and unemployment rates were high.

In the economic climate of the 1970s "Inflation and unemployment rates were high." These two tend to occur together, and this is what Pres. Reagan attempted to change.

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The Correct Answer is

Inflation and unemployment rates were high.

Explanation:

The Great Inflation of the 70s Arrived. It's the 70s, and the stock market is a disorder. It suffers 45% in 17 months, and for near to a decade some people want anything to do with stocks. Economic development is ineffective, which occurs in growing unemployment that ultimately touches couple-digits.