Stagflation is the combination of a ________ and ________.
A. falling inflation rate; an increasing real GDP
B. falling price level; an increasing real GDP
C. rising price level; a decreasing real GDP
D. rising inflation rate; a decreasing real GDP
Answer:C
Stagflation is the combination of a ________ and ________.
A. falling inflation rate; an increasing real GDP B. falling price level; an increasing real GDP C. rising price level; a decreasing real GDP D. rising inflation rate; a decreasing real GDP