Difference between revisions of "Stagflation"
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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. |
| − | [[category: | + | [[category:Economics]] |
Revision as of 20:23, August 1, 2007
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.