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Stagflation, a prolonged period of relatively high inflation and falling output, is unique and associated with (A) decreasing rates of unemployment. (B) a leftward shift
Stagflation, a prolonged period of relatively high inflation and falling output, is unique and associated with (A) decreasing rates of unemployment. (B) a leftward shift of short-run aggregate supply. (C) long-run corrections of aggregate demand. (D) a rightward shift of aggregate demand. (E) increases in productivity due to technological gain
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Principles of economics
Authors: N. Gregory Mankiw
6th Edition
978-0538453059, 9781435462120, 538453052, 1435462122, 978-0538453042
