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What is stagflation?

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What is stagflation?
posted Mar 14, 2015 by anonymous

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Stagflation is an economic cycle in which there is a high rate of both inflation and stagnation. Inflation occurs when the general level of prices in an economy increases. Stagnation occurs when the production of goods and services in an economy slows down or even starts to decline.

A condition of slow economic growth and relatively high unemployment - a time of stagnation - accompanied by a rise in prices, or inflation.

answer Mar 16, 2015 by Manikandan J