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      Question

      When in an economy, a combination of low growth &

      rising inflation is witnessed, that situation is called _________ .
      A Cost-push inflation Correct Answer Incorrect Answer
      B Demand-pull inflation Correct Answer Incorrect Answer
      C Stagflation Correct Answer Incorrect Answer
      D Disinflation Correct Answer Incorrect Answer
      E None of the above Correct Answer Incorrect Answer

      Solution

      Stagflation or recession-inflation is a situation in which the inflation rate is high or increasing, 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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