GK
THE UNIVERSE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What was the period following the creation? and had rapid growth?
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no
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inflation
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deflation
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None of the above
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Explanation:
Detailed explanation-1: -The term ‘stagflation’ is used in economics to describe a situation where an inflation rate is high, the economic growth rate slows down, and unemployment remains steadily high. It raises a dilemma for economic policy since actions designed to lower inflation may exacerbate unemployment and vice versa.
Detailed explanation-2: -In 2022 in the wake of the COVID-19 pandemic, inflation reached 8.5%, its highest rate since 1982.
Detailed explanation-3: -Deflation is a sustained period of broadly declining prices. Deflation is often the result of a severe economic contraction that causes consumers and businesses to curtail spending and investing.
There is 1 question to complete.