No

3rd longest lasting tho

The dip was greater in the late 70’s but recovered quick

Here’s a visual

Red is economic downturns

Over time they become less frequent and less drastic

Late '70s

were stagflation

simple as

What was the cause?

Of which one?

70s

Stagflation

Inflation

Ye

Yeah but what caused it specifically

@Techpriest

oh

Think of it like this

You have a lot of Yangyang money

Lol

I believe oil played a role

and not enough people

OPEC jacked up prices

are selling stuff

so they jack up the price

and the yangyang money are like

FUCK

we need

MORE THAN $100

Also double digit unemployment

and then supply and demand

cause price to skyrocket

Gdp was growing high though

But prices too

But

the cause was mainly simpl

no vietnam war

meant no one casually spent

everyone had all this excess of money

yet everything was expensive