Which of the following was developed as a result of the inflation that took place during the 1960s and 1970s? a. stagflation c. automatic stabilizers b. passive fiscal programs d. monetarist point of view

A. Stagflation

Explaining: Stagflation was developed during the 1960s and 1970s. In economics, stagflation, a portmanteau of stagnation and inflation, is a situation in which the inflation rate is high, the economic growth rate slows, and unemployment remains steadily high. It raises a dilemma for economic policy, since actions designed to lower inflation may exacerbate unemployment, and vice versa. The term is generally attributed to Iain Macleod, a British Conservative Party politician who became Chancellor of the Exchequer in 1970; Macleod coined the phrase in a speech to Parliament in 1965.

happiness is the correct luck

explanation: