UPSC Civil Services Prelims 2011
Question 3 of 53Indian Economy
With reference to the Indian economy, ‘stagflation’ is a situation characterized by
Ahigh inflation, high unemployment and stagnant economic growth
Blow inflation and high growth
Chigh growth and low unemployment
Ddeflation and rapid industrial expansion
Correct Answer
The correct answer is hidden
Explanation
22 words hidden ... difficult for policymakers because measures to curb inflation may worsen unemployment, while measures to boost growth ... 16 words hidden