Economy, asked by kr169977, 4 months ago

Q2. Explain graphically the effect of stagflation on an economy.​

Answers

Answered by sachin9715
8

Answer:

Stagflation results in three things: high inflation, stagnation, and unemployment. In other words, stagflation creates an economy characterized by quickly rising prices and no economic growth (and possibly an economic contraction), which brings about high unemployment.

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