Consider the followings:
1. High levels of inflation
2. High unemployment
3. Very slow growth
4. High level of growth
Which of the above is/are characteristic of Stagflation?
1
1 and 3 only
2
1, 2 and 4 only
3
1, 2 and 3 only
4
2, 3 and 4 only
Consider the followings:
1. High levels of inflation
2. High unemployment
3. Very slow growth
4. High level of growth
Which of the above is/are characteristic of Stagflation?