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3 February, 15:58

What was "stagflation"?

A.

inflation caused by tax cuts

B.

inflation despite a stagnant economy

C.

inflation despite declining unemployment

D.

inflation stagnated by federal efforts

+4
Answers (2)
  1. 3 February, 16:00
    0
    The Correct Answer is B

    Explanation:

    Stagflation means a contemporary development in prices and stagnation of economic maturity. Stagflation is a situation of delayed commercial maturity and a near increase in jobless condition or financial stagnation, followed by increasing wages, or inflation. It can also be described as inflation and a deterioration in gross domestic product.
  2. 3 February, 16:14
    0
    a

    Explanation:

    persistent high inflation combined with high unemployment and stagnant demand in a country's economy.
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