Stagflation is the result of
A)a decrease in aggregate demand.
B)an increase in aggregate demand.
C)a decrease in short- run aggregate supply.
D)an increase in short- run aggregate supply.

Question

Quizplus · Accepted Answer

Stagflation occurs when there is high inflation combined with high unemployment and stagnant demand in a country's economy, typically resulting from a decrease in short-run aggregate supply.

Stagflation Is the Result of