The Stagflation of the 1970s

Multiple Choice

The stagflation of the 1970s

A) threatened to undermine the social compact that had brought postwar stability.
B) was caused in part by the oil embargo implemented to punish the West for its support of Israel.
C) was a sign of globalization.
D) was the result of global competition and rising unemployment, putting the labor movement on the defense.
E) All of the above.