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Which term goes with the economic situation Nixon faced involving high unemployment and high inflation? * Recession Stagflation Depression Bear Market
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Which term goes with the economic situation Nixon faced involving high unemployment and high inflation? *

Recession
Stagflation
Depression
Bear Market

User Iamgirdhar
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1 Answer

6 votes

Answer:

Stagflation

Step-by-step explanation:

In economics, stagflation, or recession-inflation, is a situation in which the inflation rate is high, the economic growth rate slows, and unemployment remains steadily high.

User Notjustme
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