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Question
which of the following is the best definition for the word stagflation?
an economic condition of high growth and high inflation
an economic condition of high growth and low inflation
an economic condition of slow growth and high inflation
an economic condition of slow growth and low inflation
done
Stagflation is a specific economic term combining stagnation (slow or no economic growth) with high inflation, a combination that contradicts traditional economic assumptions where growth and inflation often move in tandem.
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An economic condition of slow growth and high inflation