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Stagflation is defined as –
low inflation, low growth, low unemployment
high inflation, low growth, high unemployment
high inflation, high growth, high unemployment
low inflation, high growth, low unemployment
A condition of slow economic growth and relatively high unemployment accompanied by rising prices, or inflation and a decline in Gross Domestic Product (GDP). Hence, option 1 is the correct answer.
By: Amit Kumar ProfileResourcesReport error
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