Question

In: Economics

1. Stagflation refers to low _______ and high inflation. The US experienced a period of stagflation...

1. Stagflation refers to low _______ and high inflation. The US experienced a period of stagflation in the _____ 's.

-Fill in the blanks

2. The Phillips _____ matches the data for the U.S. especially well during the ______'s

-Fill in the blanks

Solutions

Expert Solution

1) stagflation refers to low GDP/output/employment and high inflation

The U.S. experienced a period of stagflation in the 1970s.

2) The Phillips doesnot matches the data for the U.S. especially during the 1970s.

Rahul Sunny answered 2 years ago
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