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

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

Quizplus · Accepted Answer

Stagflation is the term used to describe a situation where an economy experiences stagnant growth, high unemployment, and high inflation simultaneously.

A Combination of Recession and Inflation Is Called