Economics · Economy
Which of the following terms refers to an economic scenario in which an economy simultaneously experiences high inflation and a stagnation or contraction in economic output?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Hyperinflation
- 2Stagflation✓
- 3Recession
- 4Deflation
Correct answer
Stagflation
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