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Sagot :
Stagflation in the 1970s mixed high inflation with a disappointingly uneven economic boom. Excessive price range deficits, low-interest fees, oil embargos and the fall apart of managed forex charges have been many of the important causes of stagflation.
Stagflation is maximum commonly called the simultaneous enjoyment of three separate bad financial phenomena: rising inflation, growing unemployment, and the declining call for items and services.
Stagflation is a combination of 3 negatives: slower economic increase, higher unemployment, and higher costs. that is a mixture that isn't always imagined to occur, within the logic of economics. Expenses shouldn't move up whilst human beings have less money to spend.
Learn more about economics here: https://brainly.com/question/2824360
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