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'''Stagflation''' is a combination of the words "[[stagnation]]" and "[[inflation]]". It is a term used by economists to describe a situation where high inflation is combined with low growth and high [[unemployment]]. The most recent period of stagnation occurred during the [[Jimmy Carter|Carter Administration]] in the late 1970s.

'''Stagflation''' is a combination of the words "[[stagnation]]" and "[[inflation]]". It is a term used by economists to describe a situation where high inflation and low growth combined to produce high [[unemployment]]. The most recent period of stagnation occurred during the [[Jimmy Carter|Carter Administration]] in the late 1970s.

[[category:Economics]]

[[category:Economics]]