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4 a. With many countries experiencing high inflation rates, there is a danger that some countries will experience stagflation. Use a graph(s) to explain stagflation
4 a. With many countries experiencing high inflation rates, there is a danger that some countries will experience stagflation. Use a graph(s) to explain stagflation and discuss two (2) consequences on an economy.(3 marks) b. Your union is negotiating a wage increase with your employer due to rising inflation. Explain using appropriate terminologies, how rising inflation is influencing the union's decision. (2 marks)
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