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On an Aggregate Demand and Aggregate Supply Graph,the Stagflation of the 1970s

Question 89

Multiple Choice

On an aggregate demand and aggregate supply graph,the stagflation of the 1970s can be represented as a


A) leftward shift of the aggregate supply curve
B) rightward shift of the aggregate supply curve
C) rise in the price level that caused an excess demand for output
D) rightward shift of the aggregate demand curve
E) decrease in the price level that caused an excess supply of output

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