Which out of the following phenomenon is regarded as 'Stagflation'?
(A) It is a situation when aggregate demand in an economy outpaces aggregate
supply causing persistent price rise.
(B) It is a situation of persistent rise in the price level along with dip in growth and
increase in unemployment
(C) It is a situation caused by an increase in prices of inputs like labour, raw material
etc.
Dy It is a situation when a nation experiences very high and accelerating inflation.
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As aggregate demand increases, unemployment decreases as more workers are hired, real GDP output increases, and the price level increases; this situation describes a demand-pull inflation scenario. ... As more workers are hired, unemployment
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