ECO-202 Macroeconomic Data Report

This report analyzes the US macroeconomic conditions during the 1970s, a period marked by stagflation, characterized by low economic growth and high unemployment coupled with high inflation. The report discusses the failure of traditional economic policies to address this issue, the impact of the oil embargo, and the decline of the US dollar. It also touches upon political events like the Watergate scandal and the Vietnam War, which further influenced the economic landscape. The report highlights the lowest real GDP growth rate, high unemployment, and the rise in interest rates during this decade. The analysis also includes the impact of the gold standard's fall and the rise of the 'misery index' as a measure of economic well-being.