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JAN 10, 2022

Slowing U.S. government social infrastructure spending in the 1970s did not result in falling inflation

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Slowing U.S. government social infrastructure spending in the 1970s did not result in falling inflation

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Prev The U.S. government’s share of Gross Domestic Product declined amid rising inflation in the 1970s
Next An increase in U.S. government defense spending preceded the 1970s inflation, while nondefense expenditures were steady

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