Question
The term stagflation refers to a situation where
Answer: Option D
Answer: (d)Stagflation occurs when the economy isn’t growing but prices are increasing, which is not a good situation for a country to be in. Stagflation - Persistant high inflation combined with high unemployment and stagnant demand in a country’s economy.
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Answer: (d)Stagflation occurs when the economy isn’t growing but prices are increasing, which is not a good situation for a country to be in. Stagflation - Persistant high inflation combined with high unemployment and stagnant demand in a country’s economy.
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