Rapid increases in the price level during periods of recession or high unemployment are known as
A) stagflation.
B) stagnation.
C) depression.
D) inflation.

Name: Rapid increases in the price level during periods of recession or high unemployment are known as A) stagflation. B) stagnation. C) depression. D) inflation.
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Question

Quizplus · Accepted Answer

Stagflation is the combination of inflation and stagnation (high unemployment and low economic growth) that can occur during a recessionary period.

Rapid Increases in the Price Level During Periods of Recession