Stagflation Is Defined as

question 155

Multiple Choice

Stagflation is defined as

• A)decreased output accompanied by a higher price level
• B)decreased output accompanied by a lower price level
• C)increased output accompanied by a lower price level
• D)increased output accompanied by a higher price level
• E)stagnation in the rate of inflation (i.e.,no appreciable change in the rate of inflation for a year or more)

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