WBCS.LIVE practice question

Stagflation is defined as:

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

Answer options

  1. Low inflation, low growth, low unemployment
  2. High inflation, low growth, high unemployment
  3. High inflation, high growth, high unemployment
  4. Low inflation, high growth, low unemployment

Correct answer and explanation

Correct answer: High inflation, low growth, high unemployment