Cause for Stagflation of the 1970s

[Los Angeles Swag Boss]

TLDR:

OPEC forced oil prices to go up = energy prices go up = harder to produce things = all good prices increase. THIS IS INFLATION.

OPEC forced oil prices to go up = energy prices go up = harder to produce things = people get fired because less people are buying goods, they cost more to produce, and there are less profits. THIS IS UNEMPLOYMENT.

UNEMPLOYMENT + INFLATION = STAGFLATION