Multiple Choice
Which of the following will cause stagflation?
A) an increase in the money supply (which shifts the economy's aggregate demand curve to the right) .
B) an increase in oil prices (which shifts the economy's aggregate supply curve to the left) .
C) a decrease in the money supply (which shifts the economy's aggregate demand curve to the right) .
D) technical progress (which shifts the economy's aggregate supply curve to the right) .
Correct Answer:
Verified
Correct Answer:
Verified
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