A condition of stagnant economic growth and high unemployment accompanied by rising prices is called
A)stagflation.
B)deleveraging.
C)implosion.
D)inversion.

Question

Quizplus · Accepted Answer

Stagflation is a term used to describe a situation where there is stagnant economic growth, high unemployment, and rising prices. This can be a challenging situation for policymakers as it is difficult to address both high inflation and high unemployment simultaneously. Deleveraging refers to the process of reducing debt levels, implosion refers to a sudden and dramatic collapse, and inversion refers to a situation where short-term interest rates are higher than long-term interest rates.

A Condition of Stagnant Economic Growth and High Unemployment Accompanied