stagflation
(noun)
Inflation accompanied by stagnant growth, unemployment, or recession.
Examples of stagflation in the following topics:
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The Carter Administration
- His administration sought to make the government "competent and compassionate"; however in the midst of an economic crisis produced by rising energy prices and stagflation, he met with difficulty in achieving his objectives.
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Counterculture
- The "magic economy" of the 1960s gave way to the stagflation of the 1970s, and many middle-class Americans no longer had the luxury of living outside of conventional social institutions.
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Free Enterprise Economics and Reaganomics
- Reagan’s economic policymakers succeeded in breaking the cycle of stagflation that had been plaguing the nation, but at significant cost.