The cost of stimulating the economy in the 1970s was:
A. high inflation and low unemployment for most of the 1980s.
B. a severe recession with high unemployment in the 1980s.
C. high inflation and high unemployment for most of the 1980s.
D. a mild recession with modest unemployment in the 1980s.
Ans: B. a severe recession with high unemployment in the 1980s.
Economics
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