The Simultaneous Increase in Both Inflation and Unemployment, Which Economists

question 57

True/False

The simultaneous increase in both inflation and unemployment, which economists called "stagflation," defied conventional economic thinking.

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Definitions:

Preemption

The process by which the courts decide that a federal statute must take precedence over a state statute.

State Statute

A state statute is a written law passed by a legislative body at the state level, governing matters not reserved for the federal government.

DACA Order

A directive under the Deferred Action for Childhood Arrivals, allowing certain undocumented individuals brought to the U.S. as children to receive a renewable period of deferred action from deportation and eligibility for a work permit.

Due Process Clause

A constitutional guarantee that prohibits the government from depriving individuals of life, liberty, or property without fair legal procedures.