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Financial Planner

Category - General Principles of Financial Planning

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What term is defined by slow economic growth, high unemployment, increased prices, and inflation?

Stagflation
Deflation
Inflation
National Indicator

Explanation

Answer: A - Stagflation is defined as slow economic growth, high unemployment, increased prices, and inflation. These events happen simultaneously. The government tries to halt the process through monetary policies and fiscal policies.

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