Question

_______ is a situation in which the inflation rate is high, the economic growth rate slows, and unemployment remains steadily high. 

A Inflation Correct Answer Incorrect Answer
B Deflation Correct Answer Incorrect Answer
C Disinflation Correct Answer Incorrect Answer
D Stagflation Correct Answer Incorrect Answer
E Reflation Correct Answer Incorrect Answer

Solution

Stagflation: A condition of slow economic growth and relatively high unemployment - a time of stagnation - accompanied by a rise in prices, or inflation.

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