period characterized by an increase in unemployment and a decrease in economic development and growth (combination of stagnation + inflation)
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Stagflation Definition from Business & Finance Dictionaries & Glossaries
A period of slow economic growth and high unemployment with rising prices (inflation).
Copyright © 2000, Campbell R. Harvey. All Rights Reserved.
a term coined to describe a situation which exists in an economy when high unemployment and rising prices and wages occur together.
2004 (c) Copyright & Reprint Courtesy of the Dept. of Marketing, Faculty of Business and Economics, Monash University; edited by Mr. Don Bradmore.Stagflation Definition from Social Science Dictionaries & Glossaries
Stagflation Definition from Encyclopedia Dictionaries & Glossaries
In economics, stagflation is a situation in which the inflation rate is high and the economic growth rate slows down and unemployment remains steadily high. It raises a dilemma for economic policy since actions designed to lower inflation or reduce unemployment may actually worsen economic growth. The portmanteau stagflation is generally attributed to British politician Iain Macleod, who coined the phrase in his speech to Parliament in 1965.
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Stagflation Definition from Language, Idioms & Slang Dictionaries & Glossaries
Noun
1. a period of slow economic growth and high unemployment (stagnation) while prices rise (inflation)
(hypernym) inflation, rising prices
