USA HISTORY

Detailed explanation-1: -The correct answer is Stagflation. Stagflation is characterized by slow economic growth and relatively high unemployment or economic stagnation which is at the same time accompanied by rising prices (i.e. inflation).

Detailed explanation-2: -In economics, stagflation or recession-inflation is a situation in which the inflation rate is high or increasing, the economic growth rate slows, and unemployment remains steadily high. It presents a dilemma for economic policy, since actions intended to lower inflation may exacerbate unemployment.

Detailed explanation-3: -Stagflation is the simultaneous appearance in an economy of slow growth, high unemployment, and rising prices. Once thought by economists to be impossible, stagflation has occurred repeatedly in the developed world since the 1970s.

Detailed explanation-4: -Stagflation is the extreme economic situation, a peculiar combination of stagnant growth and rising inflation leading to high unemployment. India may not have yet entered stagflationary phase as of now.

Detailed explanation-5: -The correct answer is stagflation. Stagflation is a period of rising inflation but falling output and rising unemployment. Stagflation is characterized by slow economic growth and relatively high unemployment.