Question

HELP PLZ AND HURRY

Which statements describe the results of inflation in the United States in the 1970s? Select three options.

People had more money to spend on goods and recreation.
Prices for goods increased, which made daily living more expensive.
Businesses hired more workers to produce more goods and services.
People had a harder time borrowing money due to higher interest rates.
Businesses had less money to invest in more workers and new equipment.

Answer 1

B, D, E

Step-by-step explanation:

Answer 2

1.) Prices for goods increased, which made daily living more expensive.

2.) People had a harder time borrowing money due to higher interest rates.

3.) Businesses had less money to invest in more workers and new equipment.

Step-by-step explanation:

ED2021