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Q: The term stagflation refers to a situation where ?

  • 1
    Growth has no relation with the change in prices
  • 2
    Rate of growth is faster than the rate of price increase
  • 3
    Rate of growth is slower than the rate of price increase
  • 4
    Rate of growth and prices both are decreasing
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Answer : 3. "Rate of growth is slower than the rate of price increase"
Explanation :

Answer: C) Rate of growth is slower than the rate of price increase Explanation: Stagflation is a blend of stagnation (in economic growth) and inflation (rise in prices).

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