Difference between revisions of "Stagflation"
Jump to navigation
Jump to search
Lukecorlando (talk | contribs) |
|||
| Line 1: | Line 1: | ||
| − | '''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:Economics]] | [[category:Economics]] | ||
Revision as of 01:00, November 14, 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.