Multiple Choice
Stagflation arises in the context of the AD-AS model when some external factor causes
A) the AD curve to shift leftwards.
B) the AD curve to shift rightwards.
C) the SRAS curve to shift upwards.
D) the SRAS curve to shift downwards.
E) the LRAS curve to shift to the right.
Correct Answer:
Verified
Correct Answer:
Verified
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