What is the name commonly given to the situation in which inflation is up and real GDP is down?
A)Stagflation
B)Reinflation
C)Disinflation
D)Backward recession
E)None of these

Question

Quizplus · Accepted Answer

Stagflation is defined as a situation where there is a combination of high inflation and a low rate of economic growth (or even negative growth). It is characterized by a decrease in output, high unemployment, and rising prices.

What Is the Name Commonly Given to the Situation in Which