Q3. Stagflation: Output falls, prices rises. An economy faces this situation in some extreme situations. In this question using the AD-AS framework, can you describe an economy facing a stagflation graphically? Next In your analysis show how government policy can correct the output lost in the short run. What would be the cost of such a policy in general? Is it possible to correct both the inflation and the output lost at the same time?
the old answer is not clear images was not clear
i cant read it please send ageen with very clear image