In the 1970s, One of the Causes of Stagflation Was

question 153

Multiple Choice

In the 1970s, one of the causes of stagflation was _____

• A) rising unemployment together with economic growth.
• B) deflation coupled with a decline in money supply.
• C) crop failures that shifted the aggregate supply curve left.
• D) deficits coupled with rising unemployment.
• E) inflation coupled with balance of trade deficits.