Which of the following describes an increase in both unemployment rate and inflation?
A) Laffer curve
B) Phillips curve
C) NAIRU
D) stagflation

Name: Which of the following describes an increase in both unemployment rate and inflation? A) Laffer curve B) Phillips curve C) NAIRU D) stagflation
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Question

Quizplus · Accepted Answer

Stagflation is the term used to describe a situation where the economy experiences both high unemployment and high inflation simultaneously.

Which of the Following Describes an Increase in Both Unemployment