Economics · Money and Inflation

A macroeconomic situation characterized by a combination of slow economic growth, high unemployment, and high inflation is known as:

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Deflation
2Reflation
3Stagflation✓
4Hyperinflation

Correct answer

Stagflation

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A macroeconomic situation characterized by a combination of slow economic growth, high unemployment, and high inflation is known as:

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A macroeconomic situation characterized by a combination of slow economic growth, high unemployment, and high inflation is known as:

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