Limitations of expansionary domestic macroeconomic policy due to a shortage of international currency reserves is known as the stagflation.
Stagflation is a period of growth that is very slow.
It is characterized by a season of unemployment when an individual does not have access to desired Job.
It can also lead to shortage of international currency reserve as a result of low trade or business transaction. There is rising prices in goods and services purchased and very high standards of Living.
Therefore, Limitations of expansionary domestic macroeconomic policy due to a shortage of international currency reserves is known as the stagflation
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