Stagflation occurs when the
A. price level and real GDP are increasing at the same time.
B. price level and real GDP are decreasing at the same time.
C. price level is increasing and real GDP is decreasing.
D. price level is decreasing and real GDP is increasing.
Answer:C
Stagflation occurs when the
A. price level and real GDP are increasing at the same time. B. price level and real GDP are decreasing at the same time. C. price level is increasing and real GDP is decreasing. D. price level is decreasing and real GDP is increasing.