Multiple choice

The term 'Stagflations' is used to describe�

  1. fixed prices and wages

  2. stagnation in production and inflation

  3. high productivity and price rise

  4. a stagnent economy

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Stagflation is an economic condition characterized by slow economic growth (stagnation) and relatively high unemployment, accompanied by rising prices (inflation).