The last time the U.S had “stagflation” was during Democrat Jimmy Carter’s presi

Question

The last time the U.S had “stagflation” was during Democrat Jimmy Carter’s presidency between 1976 and 1980. “Stagflation” usually occurs when the: A) inflation rate rises and GDP rises B) inflation rate falls and GDP rises C) inflation rate rises and GDP falls D) inflation rate falls and GDP falls The last time the U.S had “stagflation” was during Democrat Jimmy Carter’s presidency between 1976 and 1980. “Stagflation” usually occurs when the: A) inflation rate rises and GDP rises B) inflation rate falls and GDP rises C) inflation rate rises and GDP falls D) inflation rate falls and GDP falls A) inflation rate rises and GDP rises B) inflation rate falls and GDP rises C) inflation rate rises and GDP falls D) inflation rate falls and GDP falls

Explanation / Answer

C) inflation rate rises and GDP falls

Reason

This is the definition of stagflation. Stagflation is persistent high inflation combined with high unemployment and stagnant demand in a country's economy.

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