Word of the Day: stagflation

Word of the day

Verbal Ability is considered to be the high scoring section in any competitive exam. It includes two main portions, current affairs GK and static GK. In this article, we will discuss some really important Banking Awareness topics that are covered in almost all competitive exams. Also, you can download the PDF of Word of the day.

In a series of sharing useful study material for upcoming banking exams. Here, we are providing these notes for all banking Exams (IBPS, SBI & Other Banking Exams).

Today’s “Word of the Day” is “stagflation“ and it is a noun and its meaning is “a period of rising inflation, slowing economic growth & rising unemployment. (inflation is the sustained/continuous rise in the overall price level of goods and services in the economy).

Example Sentence:

• The result was stagflation; tighter monetary policy that did not reduce inflation, but it did lead to a small recession that increased unemployment.
• Declining business performances and soaring consumer prices indicate that the nation could suffer stagflation with low economic growth and high inflation this year.

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