UGC NET
Anushka Asked a Question
April 19, 2021 12:55 pmpts 30 pts
  • UGC NET
  • Economics

How is reason incorrect ?

6 48Assertion (A): Stagflation can develop due to market imperfections. Reason (R):Wage flexibility can cause stagflation. 491ssertion (A): Friedman treats money
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  • Ravindra nath mahto Best Answer
    Anushka, stagflation is a situation of low output with inflation and it is true that market imperfections can lead to this situation. For example, when the cartel of oil exporting ...
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    Anushka
    yeah . acc to me as well reason is wrong. but it's given to be correct. maybe the anwer given is wrong
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