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Which of the following is the best definition for the word stagflation?

A) An economic condition of high growth and high inflation.
B) An economic condition of high growth and low inflation.
C) An economic condition of slow growth and high inflation.
D) An economic condition of slow growth and low inflation.

Respuesta :

Which of the following is the best definition for the word stagflation?

C) An economic condition of slow growth and high inflation.

Stagflation is an economic situation where inflation is high so economic growth is low. Unemployment rates are drastically high during stagflation and action starts to be taken to help counteract inflation. Stagflation is a term best used to describe what is happening and causing inflation.

ayfat23

The best definition for the word stagflation is

C) An economic condition of slow growth and high inflation.

What is stagflation?

Stagflation can be regarded as the situation in which the inflation rate is high.

It is a case whereby the economic growth rate slows, and unemployment remains steadily high.

Learn more about stagflation at;

https://brainly.com/question/23113698

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