Stagflation Is the Result of

question 143

Multiple Choice

Stagflation is the result of

• A) an increase in aggregate demand.
• B) a decrease in short-run aggregate supply.
• C) a decrease in aggregate demand.
• D) an increase in short-run aggregate supply.

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Definitions:

Necessary and Proper Clause

A provision in the U.S. Constitution granting Congress the power to pass all laws necessary and proper for carrying out its enumerated powers.

National Government

The political authority that governs an entire nation, as opposed to local or state governments.

Constitution

A set of fundamental principles or established precedents according to which a state or other organization is governed.

Freedom Caucus

A congressional interest group consisting of conservative Republican members of the United States House of Representatives seeking to push the party's agenda towards more extreme positions.