Meaning & use
Stagflation
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An economic condition marked by persistent high inflation combined with stagnant growth and high unemployment.
See it in a sentence
The 1970s oil crisis triggered a period of severe stagflation in many Western economies.
Economists warned that rising prices alongside slowing growth could signal stagflation.
A note on using this word
A blend of 'stagnation' and 'inflation,' coined in the mid-20th century to describe an economic pattern traditional theory struggled to explain.
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