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Consider the following statements with respect to Stagflation:
1. India is facing Stagflation in present economic conditions
2. Stagflation is a condition of high economic growth and accompanied by rising prices, or inflation
Which of the following below given codes are correct?
  • a)
    1 only
  • b)
    2 only
  • c)
    Both 1 and 2
  • d)
    Neither 1 nor 2
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
Consider the following statements with respect to Stagflation:1. India...
India's retail price inflation has jumped to a 40-month high at a time when India’s growth has slowed down to a six-year low. This has prompted some economists to warn that the country could be entering into a stagflationary phase. The term Stagflation was first coined by Paul Samuelson who was the first American to win the Nobel Prize in economics. Stagflation is a condition of slow economic growth and relatively high unemployment, or economic stagnation, accompanied by rising prices, or inflation.
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Consider the following statements with respect to Stagflation:1. India is facing Stagflation in present economic conditions2. Stagflation is a condition of high economic growth and accompanied by rising prices, or inflationWhich of the following below given codes are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer?
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