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Which of the following best describes stagflation? a. rising unemployment together with economic growth b. deflation coupled with a decline of the money supply c. deficits coupled with rising unemployment d. rising unemployment and inflation rates inflation coupled with balance of trade deficits

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tahneetakhan

Answer:

D. Rising unemployment and inflation rates inflation coupled with balance of trade deficits

Explanation:

In economics, stagflation is a situation in which the inflation rate is high, the economic growth rate slows, and unemployment remains steadily high. It presents a dilemma for economic policy, since actions intended to lower inflation may exacerbate unemployment

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