The term 'Stagflation' refers to a combination of?
A
Low Inflation and High Growth
B
High Inflation and Low Growth
C
Low Inflation and Low Growth
D
Deflation and High Growth
or press Space / Enter
Correct Answer High Inflation and Low Growth
Explanation
Stagflation is an economic condition characterized by slow economic growth and relatively high unemployment (stagnation) accompanied by rising prices (inflation).