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Ganezh [65]
3 years ago
12

________ occurs when both inflation and unemployment increase over time.

Social Studies
1 answer:
Karo-lina-s [1.5K]3 years ago
3 0
The answer is stagflation. This happens when there is a high rate of unemployment and inflation on a long period of time. It happened during 1970, It was the term used by Leon Macleod in a Parliament session. This described the relationship between the inflation and unemployment which is triggered by an economic factor such as oil price increase. 
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