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Examen
Sophia Macroeconomics Milestone 4
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---16octubre 20232023/2024A+
- Sophia Marcoeconomics 
Milestone 4 
1 
Which statement below regarding the stagflation of the late 1970s/early 1980s is true? 
The Phillips curve represented the state of the economy at the time. 
Expansionary fiscal policies succeeded in lowering the unemployment rate. 
Expansionary fiscal policy led to double digit inflation. 
Disruptions in the oil supply caused the LRAS curve to move to the left. 
CONCEPT 
Pros and Cons of Monetary and Fiscal Policy 
2 
Which of the following would be true o...
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