Which is a true statement about the US economy during the 1970s?

Which is a true statement about the US economy during the 1970s?

  • Prices for goods and services stayed the same, but a dollar bought less than it previously had.
  • Many Americans were employed, and their wages increased dramatically.
  • Many people made less money, but a dollar bought more than it previously had.
  • Prices for goods and services increased, and a dollar bought less than it previously had.