If the favorable supply shocks of the 1990s were reversed in the future, we should expect a(n)

Name: If the favorable supply shocks of the 1990s were reversed in the future, we should expect a(n)
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Question

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Favorable supply shocks in the 1990s likely led to lower inflation and lower unemployment. If these shocks were reversed, it would mean higher costs for businesses, leading to higher prices (inflation) and potentially lower hiring (higher unemployment), hence an increase in both inflation and unemployment.

If the Favorable Supply Shocks of the 1990s Were Reversed