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tigry1 [53]
3 years ago
15

What was stagflaction

History
1 answer:
algol [13]3 years ago
3 0

stagflation is a situation in which the inflation rate is high, the economic growth rate slows, and unemployment remains steadily high. It presents a dilemma for economic policy, since actions intended to lower inflation may exacerbate unemployment, and vice versa.

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