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An inflation that co-exists with high rate of unemployment is

Economics
JAMB 2014

An inflation that co-exists with high rate of unemployment is

  • A. hyperinflation
  • B. stagflation
  • C. demand-pull inflation
  • D. cost-push inflation
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Correct Answer: Option B
Explanation

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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