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    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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