Stagflation refers to a situation in which an economy is experiencing _______ economic growth and _______ inflation.
A) high; high
B) low; low
C) high; low
D) low; high

Question

Quizplus · Accepted Answer

Stagflation refers to an economy that has both stagnant or low economic growth and high inflation rates. This can occur when the supply of goods and services is low, causing prices to rise, while also leading to low levels of investment and consumer spending, which slows economic growth.

Stagflation Refers to a Situation in Which an Economy Is