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    Question

    _____________ is the combination of slow economic growth

    along with high unemployment and high inflation.
    A Creeping Inflation Correct Answer Incorrect Answer
    B Hyperinflation Correct Answer Incorrect Answer
    C Stagflation Correct Answer Incorrect Answer
    D Galloping Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    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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