Q. Which of the following is/are correctly matched?:
Term —– Explanation
1.Creeping inflation—–Rate of inflation is high
2.Stagflation—Recession
3.Disinflation —-Reduction in the rate of inflation
Select the correct answer from the codes given below:
Answer: C
Notes:
- Creeping inflation: If the rate of inflation is low (up to 3%).
- Stagflation: Inflation + recession (Unemployment)
- Disinflation: Reduction in the rate of inflation
Source: Article
