Question 11 of 53Indian Economy
Which one of the following best describes ‘stagflation’?
ALow inflation with rapid growth
BHigh inflation with high unemployment and stagnant growth
CFalling prices with rising employment
DStable prices with large fiscal surplus
Correct Answer
The correct answer is hidden
Explanation
24 words hidden ... measures to reduce inflation may hurt growth and employment, while expansionary measures may worsen inflation. This ... 23 words hidden