History, asked by mitalirathore1066, 9 months ago

What did Stagflation in the US economy during 1970's result in

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Answered by Anonymous
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This is known as cost-push inflation. In reality, the 1970s was an era of rising prices and rising unemployment;2 3 the periods of poor economic growth could all be explained as the result of the cost-push inflation of high oil prices. This was not inline with Keynesian economic theory.

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