What was "stagflation"?
A.
inflation caused by tax cuts
B.
inflation despite a stagnant economy
C.
inflation despite declining unemployment
D.
inflation stagnated by federal efforts
Stagflation means a contemporary development in prices and stagnation of economic maturity.
Stagflation is a situation of delayed commercial maturity and a near increase in jobless condition or financial stagnation, followed by increasing wages, or inflation.
It can also be described as inflation and a deterioration in gross domestic product.
