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 | + | '''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]] | ||
Revision as of 21:16, July 3, 2008
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 Carter Administration in the late 1970s.