17
Q:
A) Growth has no relation with the change in prices | B) Rate of growth is faster than the rate of price increase |
C) Rate of growth is slower than the rate of price increase | D) Rate of growth and prices both are decreasing |
Answer: C) Rate of growth is slower than the rate of price increase
Explanation:
Explanation:
Stagflation is a blend of stagnation (in economic growth) and inflation (rise in prices).