![Mcqmate logo](https://mcqmate.com/public/images/logos/logo-black.png)
![Mcqmate logo](https://mcqmate.com/public/images/logos/logo-white.png)
McqMate
Q. |
Stagflation refers to a situation which is characterized by - |
A. | stagnant employment and deflation |
B. | deflation and rising unemployment |
C. | inflation and rising employment. |
D. | inflation and rising unemployment |
Answer» D. inflation and rising unemployment | |
Explanation: Stagflation describes a situation where an inflation rate is high, the economic growth rate slows down, and unemployment remains steadily high. It raises a dilemma for economic policy since actions designed to lower inflation may exacerbate unemployment, and vice versa. |
View all MCQs in
Economics (GK)No comments yet