Economics · Inflation

A situation in the economy characterized by a rise in the general price level along with declining output and rising unemployment is called:

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Stagflation✓
2Deflation
3Supply-push inflation
4Inflation

Correct answer

Stagflation

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A situation in the economy characterized by a rise in the general price level along with declining output and rising unemployment is called:

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