How well did American leaders deal with the challenge of stagflation

Key Takeaways. Economists sometimes link employment to inflation. ... In the 1970s, Keynesian economists had to rethink their model because a period of slow economic growth was accompanied by higher inflation. Milton Friedman gave credibility back to the Federal Reserve as his policies helped end the period of stagflation.In economics, stagflation or recession-inflation is a situation in which the inflation rate is high, the economic growth rate slows, and unemployment remains steadily high. It presents a dilemma for economic policy, since actions intended to lower inflation may exacerbate unemployment.

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according to the report, the government has imposed restrictions on freedom of speech, freedom of the press, freedom of assembly, and freedom of association. the official media remained tightly controlled by government censorship and obstruction. restrictions on the freedom to assemble remain a problem in vietnam.

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an expansion is one of two basic business cycle phases; the other is contraction. the transition from expansion to contraction is a peak, and the changeover from contraction to expansion is a trough.