Answer:
c is the answer
Explanation:
An economic condition of slow growth and high inflation
The best definition of the word stagflation is an economic condition of slow growth and high inflation.
Stagflation is when there is simultaneously high inflation and slow economic growth. When there is high inflation, there is usually slow economic growth and when there is slow economic growth, there is usually low inflation.
Stagflation was first used in the 1960s by Iain Macleod. He used it to describe the economic situation that was prevalent in the United Kingdom at the time.
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