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Proponents argued that fiscal stimulus was appropriate after the 2008 financial crisis because most major economies had _____ unemployment and _____ inflation

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The answer is high unemployment and low inflation. The money related emergency of 2007–2008, otherwise called the worldwide monetary emergency and the 2008 budgetary emergency, is considered by numerous business analysts to have been the most exceedingly terrible monetary emergency since the Great Depression of the 1930s.