Stagflation is the combination of
A) inflation and increasing real GDP.
B) deflation and recession.
C) inflation and recession.
D) deflation with increasing real GDP.

Question

Quizplus · Accepted Answer

Stagflation is characterized by the simultaneous occurrence of inflation and economic stagnation (recession), meaning that while prices for goods and services rise (inflation), economic growth is slow or negative, leading to higher unemployment.

Stagflation Is the Combination of