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Why Are Keynesian Policies Ineffective at Combating Stagflation

question 72

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Why are Keynesian policies ineffective at combating stagflation?  


Definitions:

Hypothalamus

In vertebrates, part of the brain that helps regulate the internal environment of the body—for example, heart rate, body temperature, and water balance.

Estrogen

Female sex hormone that helps maintain sexual organs and secondary sex characteristics.

Cross-Linked Proteins

Proteins whose amino acid side chains form covalent bonds with each other, stabilizing their structure and affecting their properties.

DNA Mutations

Alterations in the DNA sequence that can lead to changes in gene function and can be inherited or acquired.

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