Question

What was "stagflation"?

A.
inflation caused by tax cuts
B.
inflation despite a stagnant economy
C.
inflation despite declining unemployment
D.
inflation stagnated by federal efforts

Answer 1

a

Step-by-step explanation:

persistent high inflation combined with high unemployment and stagnant demand in a country's economy.

Answer 2

The Correct Answer is B

Step-by-step explanation:

• Stagflation means a contemporary development in prices and stagnation of economic maturity.
• Stagflation is a situation of delayed commercial maturity and a near increase in jobless condition or financial stagnation, followed by increasing wages, or inflation.
• It can also be described as inflation and a deterioration in gross domestic product.