ECONOMICS
AGGREGATE DEMAND
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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An economy experiencing stagflation is said to have?
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High price levels with low rates of unemployment
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Low price levels with high rates of unemployment
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High price levels with low rates of employment
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Low price levels with high rates of employment
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Explanation:
Detailed explanation-1: -Stagflation describes a combination of high inflation and economic stagnation as reflected by a slow growth rate and high unemployment. The stagflation of the 1970s marked the U.S. economy’s worst performance since the Great Depression.
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