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What is a decline in real GDP combined with a rise in the price level known as?

What is a decline in real GDP combined with a rise in the price level known as?
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What is a decline in real GDP combined with a rise in the price level known as?

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User Luca Perico
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5 votes

Answer:

Hi there!

Your answer would be stagflation

Have a good day!

answered
User Djeetee
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