Stagflation consists of

Name: Stagflation consists of
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Stagflation refers to a situation where an economy experiences both high levels of inflation and high levels of unemployment. This is considered an unusual and difficult economic condition because typically there is a trade-off between inflation and unemployment. In other words, when inflation is high, unemployment tends to be low and vice versa. Stagflation, however, represents a scenario where both of these indicators are high simultaneously.

Stagflation Consists of