JAMB Economics 2014 Objective — Question 28

Question 28 of 50 from the Joint Admissions and Matriculation Board (JAMB) Economics 2014 Objective paper, with the correct answer and a full explanation.

An inflation that co-exists with high rate of unemployment is

A. cost-push inflation
B. hyperinflation
C. stagflationCorrect
D. demand-pull inflation

Explanation

When inflation co-exists with high rate of unemployment, it is termed stagflation.

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