Economists Coined the Term "Stagflation" in the Early 1970s to Describe

Multiple Choice

Economists coined the term "stagflation" in the early 1970s to describe

A) a simultaneously stagnant economy with inflationary prices.
B) continuing declines in stock prices.
C) high oil prices along with declining profits for the petroleum industry.
D) the return of economic conditions similar to the Depression.
E) continuing economic growth along with a growing budgetary deficit.