asked 227k views
5 votes
When the economy is in stagflation the price level is falling?

asked
User Arron
by
8.2k points

1 Answer

7 votes
That isn't correct.

When the economy is in stagflation it means the prices are still rising (which is also known as 'inflation'), unemployment rate rises and the economic growth decreases.
answered
User Taras Lozovyi
by
9.1k points
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