What reason why the US slipped into a deep economic recession in 1982?

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21-10-2016
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What reason why the US slipped into a deep economic recession in 1982?

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lr1265 lr1265 · Answer 1 · 2016-10-30T14:42:47+01:00

lr1265 lr1265

30-10-2016

Because of stagflation due to the oil crisis and the energy crisis combined with the Federal Reserve's contractionary monetary policy, the United States slipped into a deep economic recession in July of 1981 to November of 1982.

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