Stagflation Can Be Described as a

question 189

Multiple Choice

Stagflation can be described as a

• A) shift right in the aggregate supply curve.
• B) shift left in the aggregate supply curve.
• C) period of stable prices and high unemployment.
• D) period of rising prices and low unemployment.

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Definitions:

Centimeters

A unit of length in the metric system, equal to one hundredth of a meter.

Inches

A unit of length in the Imperial and US customary systems, equal to 1/12 of a foot.

Yards

A unit of measurement equal to 3 feet or 0.9144 meters.

Feet

A unit of linear measurement equal to 12 inches or 0.3048 meters, used primarily in the United States for measuring height or distances.