Which of the following clearly define Stagflation? (UPSC Prelims 1984)

Q. Which of the following clearly define Stagflation? (UPSC Prelims 1984)
Answer: Stagnation and inflation
Notes: Stagflation is a condition of slow economic growth and relatively high unemployment, or economic stagnation, accompanied by rising prices, or inflation. It can also be defined as inflation and a decline in gross domestic product (GDP).

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