A combination of recession and inflation is called
A)an expansion.
B)stagflation.
C)a business cycle.
D)a depression.
E)a recession.

Name: A combination of recession and inflation is called A)an expansion. B)stagflation. C)a business cycle. D)a depression. E)a recession.
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Question

Quizplus · Accepted Answer

Stagflation is a situation where the economy experiences both high inflation and unemployment or stagnant economic growth. It is a combination of recession and inflation.

A Combination of Recession and Inflation Is Called