On what do economists place the blame for the persistent increases in the price level that began in the late 1960s?
A)The government's decision not to raise taxes to finance the Vietnam war
B)The deep recession that began in 1969
C)The Federal Reserve's failure to keep interest rates low
D)The slowdown in productivity growth

Question

Quizplus · Accepted Answer

Economists often blame the persistent increases in the price level starting in the late 1960s on the government's decision not to raise taxes to finance the Vietnam War, which led to increased government spending without corresponding revenue, contributing to inflation.

On What Do Economists Place the Blame for the Persistent