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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 and low growth combine to produce 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 combine 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]]
[[category:Dictionary]]