During the period 1971 to 1976 was a period of stagflation due to rising unemployment and inflation.
Stagflation or recession-inflation is an economy situation in which there is high rate of inflation rate and also a high rate of unemployment thereby leading to a slow economic growth.
Increase in aggregate supply can help decrease stagflation.
During the period 1971 to 1976 was a period of stagflation due to rising unemployment and inflation.
Find out more at: https://brainly.com/question/11224683
