M

Madhu • 12.07K Points
Tutor II Economic 

Q. The term stagflation refers to a situation where ?

  • (A) Rate of growth is faster than the rate of price increase
  • (B) Rate of growth is slower than the rate of price increase
  • (C) Growth has no relation with the change in prices
  • (D) Rate of growth and prices both are decreasing
Correct Answer - Option(B)

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