What term do economists use to describe a downturn in the economy that is characterized by both unemployment and rising prices?

What term do economists use to describe a downturn in the economy that is characterized by both unemployment and rising prices?

What term do economists use to describe a downturn in the economy that is characterized by both unemployment and rising prices?




A) Depression.

B) Recession.

C) Stagflation.

D) Inflation.



Answer: C) Stagflation.


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