Assertion (A): Stagflation is a combination of stagnant economic growth, high unemployment and high inflation.
Reason (R): Stagflation is the slowing down the rate of inflation by controlling the amount of credit.
(a) Both ‘A’ and ‘R’ are true and ‘R’ is the correct explanation to ‘A’
(b) Both ‘A’ and ‘R’ are true but ‘R’ is not the correct explanation to ‘A’
(c) ‘A’ is true but ‘R’ is false
(d) ‘A’ is false but ‘R’ is true
