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Correct Option is Stagflation

Solution:(a) Biflation- the simultaneous occurrence of inflation and deflation in an economy.
(b) Hyperinflation- a term used when inflation rates exceed 50%.
(c) Shrinkflation- a reduction in the size of an item of packaged food.
(d) Stagflation- persistent high inflation combined with high unemployment and stagnant demand in a country's economy.
(e) Deflation- reduction of the general level of prices in an economy.

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