Discuss Forum
1. The word ' Stagflation ' means -
- A. economic slow down
- B. economic slow down
- C. economic slow down
- D. economic slow down
Answer: Option A
Explanation:
In economics, stagflation, or recession - inflation, is a situation in which the inflation rate is high, the economic growth rate slows, and unemployment remains steadily high. It presents a dilemma for economic policy, since actions intended to lower inflation may exacerbate unemployment.
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