Stagflation refers to ........

Economic Affairs Inflation

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Stagflation refers to:

Constant rate of inflation

Low inflation with high recession

High inflation with low recession

Stagnation and inflation

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Explanation:

Stagflation refers to an economy that is experiencing a simultaneous increase in inflation and stagnation of economic output. Stagflation is characterized by slow economic growth and relatively high unemployment—or economic stagnation—which is at the same time accompanied by rising prices (i.e. inflation).