Stagflation
- It is characterized by slow economic growth and relatively high unemployment—or economic stagnation—which is at the same time accompanied by rising prices (i.e. inflation).
- It can be alternatively defined as a period of inflation combined with a decline in the gross domestic product (GDP).
- Stagflation is characterized by slow economic growth and relatively high unemployment—or economic stagnation—which is at the same time accompanied by rising prices (i.e. inflation).
- Generally, stagflation occurs when the money supply is expanding while supply is being ....
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