An economic condition in which much reduced economic activity co-exists with inflation is referred to as?

By: |Published on: Jan 7|Categories: Economics WAEC| 0 comments

A. stagflation
B. inflationary spiral
C. slump inflation
D. inflationary gap

Correct Answer: Option C

C. slump inflation

Explanation

An economic which idleness and underutilization of resources such as capital and labour is known as Slump Inflation

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