Economics · Inflation

A situation when a high rate of inflation occurs simultaneously with a high rate of unemployment is known as:

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Stagflation✓
2Inflation
3Recession
4Stagnation

Correct answer

Stagflation

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A situation when a high rate of inflation occurs simultaneously with a high rate of unemployment is known as:

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