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Which of the following defines Stagflation?
  • a)
    low inflation, low growth, low unemployment
  • b)
    high inflation, low growth, high unemployment
  • c)
    high inflation, high growth, high unemployment
  • d)
    low inflation, high growth, low unemployment
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
Which of the following defines Stagflation?a) low inflation, low growt...
Stagflation is a condition of slow economic growth and relatively high unemployment – economic stagnation – accompanied by rising prices, or inflation, or inflation and a decline in Gross Domestic Product (GDP).
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Which of the following defines Stagflation?a) low inflation, low growth, low unemploymentb) high inflation, low growth, high unemploymentc) high inflation, high growth, high unemploymentd) low inflation, high growth, low unemploymentCorrect answer is option 'B'. Can you explain this answer?
Question Description
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