Stagflation occurs when high inflation combines with?
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stagflation occurs when high inflation combines with unemployment
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The correct answer is:
Stagflation occurs when high inflation combines with:
A. High unemployment and a low level of production.
Stagflation is a condition when unemployment becomes huge along with a decrease in the economic growth and hike in prices.
Due to high inflation a decrease in the GDP is also noted.
Stagflation is a process which is characterized by a stagnancy of the economic growth due to decrease in employment opportunities resulting in inflation of prices.
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