Fiscal Policy Is Likely to Fail to Correct Stagflation in an Economy

question 20

Multiple Choice

Fiscal policy is likely to fail to correct stagflation in an economy because _____

• A) it affects both the aggregate demand and supply, but only aggregate supply needs to be changed.
• B) it affects both the aggregate demand and supply, but only aggregate demand needs to be changed.
• C) it affects aggregate demand only, but aggregate supply also needs to changed.
• D) it affects aggregate supply only, but only aggregate demand needs to be changed.
• E) it affects either aggregate demand or aggregate supply, but both need to be changed simultaneously.

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Definitions:

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