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The term stagflation refers to a situation where ?

Growth has no relation with the change in prices
Rate of growth is faster than the rate of price increase
Rate of growth is slower than the rate of price increase
Rate of growth and prices both are decreasing

Correct Answer: Rate of growth is slower than the rate of price increase

Explanation:

Stagflation is a blend of stagnation (in economic growth) and inflation (rise in prices).

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