Stagflation refers to a period in the 1970's where both inflation and the unemployment rate were high, while economic gr

[answerhappygod]

Stagflation Refers To A Period In The 1970 S Where Both Inflation And The Unemployment Rate Were High While Economic Gr 1 (12.22 KiB) Viewed 13 times

Stagflation refers to a period in the 1970's where both inflation and the unemployment rate were high, while economic growth stagnated, which was contrary to the Keynesian theories at that time. both inflation and the unemployment rate were high, while economic growth stagnated, which was contrary to the classical theories at that time. the unemployment rate was high, while both economic growth and inflation stagnated, which was contrary to the Keynesian theories at that time. both inflation and the economic growth were high, while employment stagnated, which was contrary to the classical theories at that time.