What Is Meant by the Term "Stagflation

question 60

Multiple Choice

What is meant by the term "stagflation"?

• A)the combination of falling real GDP and a rising price level
• B)a persistent inflationary gap
• C)a persistent recessionary gap
• D)the sluggish downward wage adjustment in response to a recessionary gap
• E)the combination of inflation and rising real GDP

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