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JAN 10, 2022

U.S. private-sector investment and higher oil prices spurred higher inflation during the Carter administration

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U.S. private-sector investment and higher oil prices spurred higher inflation during the Carter administration

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Prev An increase in U.S. government defense spending preceded the 1970s inflation, while nondefense expenditures were steady
Next While wages fell and profits soared during the Carter era expansion, both fell with the Volcker Shock

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