Stagflation occurs when high inflation combines with... a. high unemployment and a low level of production. b. low unemployment and a high level of production. c. a drop in buying power and a rise in workers’

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asked Oct 6, 2021 98.8k views

3 votes

Stagflation occurs when high inflation combines with...

a. high unemployment and a low level of production.
b. low unemployment and a high level of production.
c. a drop in buying power and a rise in workers’ wages.
d. a rise in buying power and a drop in workers’ wages.