Respuesta :
Stagflation is when there is high inflation, high unemployment and slow or negative real economic growth. Hence, Prices got too high for consumers to afford.
- Prices got too high for consumers to afford.
Carter's presidency
Jimmy Carter served as the 39th President of the United States from 1977 to 1981. He was awarded the 2002 Nobel Peace Prize for work to find peaceful solutions to international conflicts, to advance democracy and human rights, and to promote economic and social development.
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