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Q. |
Stagflation is a situation of - |
A. | stagnation and deflation |
B. | stagnation and recession |
C. | stagnation and inflation |
D. | stagnation and recovery |
Answer» C. stagnation and inflation | |
Explanation: Stagflation is a situation of stagnation in which the inflation rate is high, the economic growth rate slows down, and unemployment remains steadily high. Stagflation occurs when the economy isn't growing but prices are, which is not a good situation for a country to be in |
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