On an Aggregate Demand and Aggregate Supply Graph,the Stagflation of the 1970s

question 89

Multiple Choice

On an aggregate demand and aggregate supply graph,the stagflation of the 1970s can be represented as a

• A)leftward shift of the aggregate supply curve
• B)rightward shift of the aggregate supply curve
• C)rise in the price level that caused an excess demand for output
• D)rightward shift of the aggregate demand curve
• E)decrease in the price level that caused an excess supply of output

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