“Stagflation” usually results from a falling GDP and ____________: A) a supply s

Question

“Stagflation” usually results from a falling GDP and ____________: A) a supply shock in the economy B) a decrease in aggregate demand C) the election of a Democrat president D) an increase in aggregate supply “Stagflation” usually results from a falling GDP and ____________: A) a supply shock in the economy B) a decrease in aggregate demand C) the election of a Democrat president D) an increase in aggregate supply A) a supply shock in the economy B) a decrease in aggregate demand C) the election of a Democrat president D) an increase in aggregate supply

Explanation / Answer

Ans is A

Stagflation is that the economy in which there is persistent increase in prices and decrease in employment or real output which is a result of supply shock in the economy.

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