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    Macroeconomics Study Set 57
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    Exam 12: Aggregatedemand and Aggregate Supply
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    During the 1970s, the U
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During the 1970s, the U

Question 54

Question 54

Multiple Choice

During the 1970s, the U.S. economy experienced high rates of inflation and limited economic growth. This phenomenon is often called:


A) stagflation.
B) inflagnation.
C) contractionary policy.
D) economic malaise.

Correct Answer:

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