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31 October, 09:28

Which term goes with the economic situation Nixon faced involving high unemployment and high inflation? *

Recession

Stagflation

Depression

Bear Market

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Answers (1)
  1. 31 October, 09:43
    0
    Stagflation

    Explanation:

    In economics, stagflation, or recession-inflation, is a situation in which the inflation rate is high, the economic growth rate slows, and unemployment remains steadily high.
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