Question
The situation in which the inflation rate is high, the
economic growth rate slows, and unemployment remains steadily high is known as?Solution
Reflation is the act of stimulating the economy by increasing the money supply or by reducing taxes, seeking to bring the economy (specifically price level) back up to the long-term trend, following a dip in the business cycle. It is the opposite of disinflation, which seeks to return the economy back down to the long-term trend. Stagflation is a situation in which the inflation rate is high, the economic growth rate slows, and unemployment remains steadily high. Skewflation refers to inflation in some commodities, deflation in others Deflation is a decrease in the general price level of goods and services. Deflation occurs when the inflation rate falls below 0% (a negative inflation rate).
Who was re-appointed as the Principal Secretary to the Prime Minister of India in June 2024?
Which publisher has released the book 'Gandhian Statesman of Bihar: Nitish Kumar'?
Which book contains the reference to the Mughal Emperor gifting a horse and elephant to Garh King Shyamshah?
Hill Fruit Research Station, Chaubatia was established in which year?
The first Pravasi Parichay Utsav has been celebrated by the Ministry of External affairs in which of the following countries?
Which state hosted the 2024 Khelo India Youth Games?
What was India's ranking in the World Investment Ranking in 2023, according to the UNCTAD report?
Recently which State’s yak milk product, ‘Yak Churpi,’ has been granted the coveted Geographical Indication (GI) tag?
India's first booster vaccine, GEMCOVAC-OM, is designed to target which COVID-19 variant?
What is the main purpose of Gujarat Police's 'GP Drashti' initiative?