Explanation:
Stagflation is characterized by slow economic growth and relatively high unemployment—or economic stagnation—which is at the same time accompanied by rising prices (i.e. inflation). Generally, stagflation occurs when the money supply is expanding while supply is being constrained.
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3Answer:
Stagflation is characterized by slow economic growth and relatively high unemployment—or economic stagnation—which is at the same time accompanied by rising prices (i.e. inflation). Generally, stagflation occurs when the money supply is expanding while supply is being constrained.
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