Which factor contributed to the demise of stagflation during the 1982-1989 period?
A)a lessening of foreign competition
B)the decline of the monopoly power of OPEC
C)an increase in the per-unit cost of production
D)an increase in regulation of the airline and trucking industries

Question

Quizplus · Accepted Answer

The decline of the monopoly power of OPEC led to a decrease in oil prices, which helped reduce inflationary pressures and contributed to the end of stagflation.

Which Factor Contributed to the Demise of Stagflation During the 1982-1989