WBCS.LIVE practice question

In a period when an economy is facing price rise, and along with that there is slowing down of economy activities, this is case of:

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

  1. Deflation
  2. Stagflation
  3. Recession
  4. Depression

Correct answer and explanation

Correct answer: Stagflation