Question

In which stage of the Business Cycle do prices rise between 0 and 6%, you are near full employment and moderate growth?

a. Depression
b. Creeping inflation.
c. Hyperinflation.
d. Stagflation

Answer 1

b. Creeping inflation.

Step-by-step explanation:

In the business cycle stage in which the price is increased between 0 and 6 also you are nearest with the full employment and the moderate growth so that stage we called as a creeping inflation

In this stage, the inflations begins to start and the ouput should be nearest to the full employment level

Therefore as per the given situation, the option b is correct