Stagflation



noun
1.
an inflationary period accompanied by rising unemployment and lack of growth in consumer demand and business activity.
noun
1.
a situation in which inflation is combined with stagnant or falling output and employment

stagflation definition

An economic phenomenon of the late 1960s and 1970s characterized by sluggish economic growth and high inflation. The word is a blend of stagnation and inflation.
stagedoor Johnny

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