The Combination of Inflation and Economic Stagnation Is Known as

question 124

Multiple Choice

The combination of inflation and economic stagnation is known as

• A)a depression economy.
• B)stagflation.
• C)an inflagnant economy.
• D)a recession.

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Definitions:

Trans-Mississippi

Referring to the region of the United States that lies west of the Mississippi River.

Cotton Gin

A machine invented by Eli Whitney in 1793 to separate cotton fibers from their seeds, greatly impacting the cotton industry and increasing the demand for slave labor in the southern United States.

Eli Whitney

An American inventor best known for creating the cotton gin, a machine that revolutionized the cotton industry by greatly speeding up the process of removing seeds from cotton fiber.

Secretary Of The Treasury

A senior official within the U.S. government responsible for managing government revenue, including the issuance of currency and the administration of fiscal policies.