Read the scenario.

Social Studies

2 answers:

gayaneshka [121]4 years ago

5 0

Answer:

The answer is B stagflation

Explanation:

andreyandreev [35.5K]4 years ago

3 0

The greatest economic challenge that country D faces is stagflation. It arises when the economy of a country is in economic recession and at the same time there is inflation. This concept comes from the speech in front of the House of Commons in 1965 by the then British Finance Minister Ian McLeod, who said that the United Kingdom was in a kind of "stagflation", combining the words inflation (inflation) and stagnation ( stagnation). Stagflation is the stagnation in the economic growth of a country, with a high level of unemployment and high inflation.

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