Stagflation refers to
A)an increase in inflation accompanied by decreases in real output and employment.
B)a decline in the price level accompanied by increases in real output and employment.
C)a simultaneous increase in real output and the price level.
D)a simultaneous reduction in real output and the price level.

Question

Quizplus · Accepted Answer

Stagflation is characterized by high inflation, stagnant economic growth, and high unemployment, which means an increase in inflation with decreases in real output and employment.

Stagflation Refers to