Indian Economy

General Studies (MTS) SSC (MTS)

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Indian Economy - Understanding the basics of Indian economic system

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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

Explanation:

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

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