Stagflation could be caused solely by a shift in the aggregate demand curve.

Name: Stagflation could be caused solely by a shift in the aggregate demand curve.
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Stagflation is typically caused by a combination of high inflation and stagnant economic growth, which is more often associated with a supply shock that shifts the aggregate supply curve to the left, rather than a shift in the aggregate demand curve.

Stagflation Could Be Caused Solely by a Shift in the Aggregate