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What Was the Supply-Side Diagnosis of Stagflation

Question 54

Multiple Choice

What was the supply-side diagnosis of stagflation?


A) It was triggered by the high price of imported oil and accentuated by declining productivity rates.
B) It was triggered by the stock market crash and accentuated by the low price of imported oil.
C) It was triggered by the stock market crash and accentuated by declining productivity rates.
D) It was triggered by the stock market crash and accentuated by the high price of imported oil.

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