Changes

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.