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

question 146

Multiple Choice

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

• A) adverse supply shocks that shifted the aggregate supply curve left.
• B) adverse supply shocks that shifted the aggregate supply curve right.
• C) beneficial supply shocks that shifted the aggregate supply curve left.
• D) beneficial supply shocks that shifted the aggregate demand curve right.
• E) coordination failure.

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