What is the meaning of the term stagflation?

1614EconomicsMedium

ANone of these

BHigh inflation rate combined with high unemployment and unchanged consume demand

CFall in prices due to less circulation of currency

DFall in employment due to declining production

Correct answer

B. High inflation rate combined with high unemployment and unchanged consume demand

Explanation

The correct answer is High inflation rate combined with high unemployment and unchanged consume demand.

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