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What are the potential consequences of a prolonged period of stagflation in an economy? Question 3Answer a.Increased economic stability b.Simultaneous high inflation and high unemployment

What are the potential consequences of a prolonged period of stagflation in an economy?

Question 3Answer

a.Increased economic stability

b.Simultaneous high inflation and high unemployment

c.Decreased consumer spending

d.Rightward shift in Aggregate Supply

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