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What Does "Stagflation" Refer To

Question 9

Multiple Choice

What does "stagflation" refer to?


A) In the U.S. economy of the 1970s, the reduction of wages and growth together
B) In the U.S. economy of the 1970s, the increase of wages coupled with deflation in the economy
C) In the U.S. economy of the 1970s, the stagnation of wages but continued inflation

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