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MMLU-Pro / 7478 / What were some causes of the stagflation in the early 1970' s?

Problem

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question

What were some causes of the stagflation in the early 1970' s?

category

economics

options

  1. Decrease in unemployment
  2. Rapid acceleration of price level, oil price increases, perversely working tax systems, and macroeconomic policy mistakes
  3. Lowering of oil prices
  4. Expansion of international trade without barriers
  5. Increase in the gold standard value
  6. Excessive production of goods
  7. Advancements in technology reducing costs
  8. Stabilization of currency exchange rates
  9. Economic expansion
  10. Reduction in government spending

src

stemez-Economics

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