Stagflation refers to
A) a reduction in inflation.
B) a simultaneous reduction in inflation and reduction in unemployment.
C) a liquidity trap.
D) reduction in the price level and a reduction in the unemployment rate.
E) none of the above
Correct Answer:
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Q31: In the 1960s,there was significant debate between
Q32: Milton Friedman attributed the Great Depression primarily
Q33: The staggering of wage and price decisions
Q34: The flatter is the IS curve,
A)the more
Q35: The steeper is the IS curve,
A)the more
Q37: Which of the following led a strong
Q38: The research by Robert Hall on the
Q39: As the IS curve becomes flatter,we know
Q40: The more staggered are labor contracts,
A)the more
Q41: Work by Doug Diamond and Philip Dybvig
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