STAGFLATION

Stagflation

Stagflation, a portmanteau of stagnation and inflation, is a term used in economics to describe a situation where an inflation rate is high, the economic growth rate slows down, and unemployment remains steadily high. It raises a dilemma for economic policy since actions designed to lower inflation may exacerbate unemployment, and vice versa.

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stagflation

Noun

  1. Inflation accompanied by stagnant growth, unemployment or recession.


The above text is a snippet from Wiktionary: stagflation
and as such is available under the Creative Commons Attribution/Share-Alike License.

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