Which of the following allegedly contributed to the reversal of stagflation between 1983 and 2008?
A)oil prices rose during the mid-1980s
B)the pace of technological change gradually accelerated during this period
C)labour unions became more prevalent in the Canadian economy
D)the Bank of Canada adopted a highly expansionary monetary policy during the first part of this period
E)the Canadian government adopted a highly expansionary fiscal policy during the latter part of this period

Question

Quizplus · Accepted Answer

The acceleration of technological change during this period contributed to increased productivity and economic growth, which can help reverse stagflation by increasing supply and reducing costs.

Which of the Following Allegedly Contributed to the Reversal of Stagflation