Question

What is stagflation ?
A situation in which the economy experiences recession
A situation in which the economy have inflation and
recession altogether
An economy where umemployment is high
Both 1 and 3​

Answer 1

Answer:

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Answer 2

Answer:

In economics, stagflation or recession-inflation is a situation in which the inflation rate is high, the economic growth rate slows, and unemployment remains steadily high. It presents a dilemma for economic policy, since actions intended to lower inflation may exacerbate unemployment.

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