The word ' Stagflation ' means -
A
economic slow down
B
a disintegrating government
C
cultural dullness
D
controlled prices
Correct Answer: economic slow down
In economics, stagflation, or recession - inflation, is a situation in which the inflation rate is high, the economic growth rate slows, and unemployment remains steadily high. It presents a dilemma for economic policy, since actions intended to lower inflation may exacerbate unemployment.