stagflations of 1973 and 1979
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What are some of the causes of the stagflations of 1973 and 1979?
In what way were these episodes of stagflation different from the Great Depression of the 1930s?
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The solution provides a brief discussion of the causes for the stagflation of 1973 and 1979. The solution also includes a discussion of ways in which they differed from the Great Depression of the 1930s.
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What are some of the causes of the stagflations of 1973 and 1979?
Stagflation is the result of unfavorable supply shock. The oil prices were increased by the OPEC (Organization of Petroleum Exporting Countries) in the 1973 and 1979, leading to cost-push shocks that resulted in the disruption of the ...
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