A period of stagflation can be considered as part of the normal aftermath of a

A. decrease in aggregate demand.
B. period of high unemployment.
C. period of low unemployment.
D. period of inward shifting aggregate demand.

Answer: C

Economics

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Explain the combined effects of these events on U.S. real GDP and the price level, starting from a position of long-run equilibrium

What will be an ideal response?

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