A combination of recession and inflation is called
A)a business cycle.
B)stagflation.
C)a depression.
D)a recession.
E)an expansion.

Question

Quizplus · Accepted Answer

Stagflation is the only term that refers to a combination of recession and inflation. A business cycle refers to the fluctuation of economic activity over time, which includes periods of expansion and contraction. Depression and recession refer to prolonged periods of economic decline. An expansion refers to a period of economic growth.

A Combination of Recession and Inflation Is Called