Join ExamsbookAnswer : 3. "Rate of growth is slower than the rate of price increase"
The term stagflation refers to a situation where ?5
Q: The term stagflation refers to a situation where ?
- 1Growth has no relation with the change in pricesfalse
- 2Rate of growth is faster than the rate of price increasefalse
- 3Rate of growth is slower than the rate of price increasetrue
- 4Rate of growth and prices both are decreasingfalse
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Answer : 3. "Rate of growth is slower than the rate of price increase"
Explanation :
Answer: C) Rate of growth is slower than the rate of price increase Explanation: Stagflation is a blend of stagnation (in economic growth) and inflation (rise in prices).