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Sean received an ad for bundled television, phone, and Internet service that cost substantially more than he is
currently paying. At the same time, he received a notice
from his utility company that summer rates would be
increasing. His textbooks are costing twice as much as they
did last year, and yesterday, gas cost 30 cents more per
gallon than it did last week. He can't help but marvel at how prices are rising when so many people have lost their jobs and are cutting back on expenditures. He is certain that this situation is an example of stagflation.
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