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Answered

The high inflation rates of the late 1960’s and early 1970’s were primarily the result of

Amajor state and federal tax increases
Bincreased investment in major industries
Cspending on social-welfare programs and the Vietnam War
Da decline in foreign trade
Ederegulation of key transportation and defense industries

Verified Answer :

Gibbs

The high inflation rates of the late 1960s and early 1970s were a result of the speeding on social-welfare programs and the increased and continuous funding on the Vietnam War. Therefore, the answer to this question is C.

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