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Inflation
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a. Define stagflation. b. Write its causes and effects.
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Business
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Describe the causes of stagflation and explain why stagflation presents difficulties for economic policymakers.
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Inflation
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Why is deflation worse than inflation?
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Business
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What is meant by the term ‘stagflation’? What happens if stagflation occurs within the economy in terms of consumer spending and consumer confidence?
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Business
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Stagflation occurs when _____. a. There is inflation. b. AS is falling. c. AD is falling. d. Both a and b. e. Both a and c.
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