Question

According to the scenario, what is the greatest economic challenge that Country D is facing? unemployment stagflation high production high wages.

Answer 1

Based on the scenario described, Country D is facing an economic challenge known as Stagflation.

Stagflation:

• Refers to when the economy has grown stagnant.
• Refers to a situation where GDP is decreasing yet inflation is rising.

Country D is facing a situation where prices are rising which means that inflation is rising. At the same time, wages are not rising and GDP is falling which points to a stagnant economy.

In conclusion, Country D is facing stagflation.

Find out more about stagflation at https://brainly.com/question/10904745.

Answer 2

Answer:

stagflation

Explanation:

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