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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 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 is combined with low growth and high unemployment. The most recent period of stagnation occurred during the Carter administration in the late 1970s.