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Economics
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Stagflation occurs when the economy experiences

a. inflation and low employment.

b. high unemployment and low levels of inflation at the same time.

c. high inflation and high unemployment at the same time.

d. low inflation and low unemployment at the same time.

Ā 

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Anne Gillian Duero
Anne Gillian DueroLv10
30 Oct 2020
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Related questions

In order to reduce the high inflation and high unemployment of the 1970s, the Federal Reserve decided to raise interest rates to astronomical levels. How can high-interest rates cure high inflation and high unemployment? What are the consequences of such a policy?

One of the goals of the Federal Reserve is price stability. For the Fed to achieve this goal,

A. the level of unemployment should be low, less than 6%, and the inflation rate should be near zero percent.

B. the inflation rate should be consistent but the rate of inflation can be zero, low (such as 1-3%), or high (such as 8-10%).

C. prices should not be increasing and the inflation rate should be near zero percent.

D. the rate of inflation should below, such as1% to3%, and should be fairly consistent.

True, false or obscure. Justify your conclusion.

a) It is desirable to have inflation as close to zero as possible

b) High inflation means low unemployment

c) The turnover rate of money decreases when nominal interest rates are high

d) The probability of the unemployed finding a job is greater if more people change jobs during a given period

e) Sticky wages make the Phillips curve steep

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