An economic condition in which much reduced economic activity co-exists with inflation is referred to...
ECONOMICS
JAMB 2019
An economic condition in which much reduced economic activity co-exists with inflation is referred to as__________
- A. stagflation
- B. inflationary spiral
- C. slump inflation
- D. inflationary gap
Correct Answer: C. slump inflation
Explanation
An economic which idleness and under utilization of resources such as capital and labour is known as Slump Inflation
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