stagflation

Popular Terms
Stagnation accompanied by inflation. It is an economic anomaly where high unemployment (due to economic stagnation) is accompanied by high inflation (instead of low inflation due to falling demand). Triggered first in 1973 by the OPEC's four-fold increase in oil prices (which raised all prices, thus slowing economic growth) it was exacerbated by traditional fiscal and monetary policies with which the governments tried to reduce unemployment levels.

Use 'stagflation' in a Sentence

In economics class, they learned about a variety of subjects including stagflation and its effects on people and society in general.
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Due the the prior Presidents term, his administration has been accused of stagflation. During my time in office, i promise to create a jobs bill.
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When your money isn't growing but inflation is you can find yourself in a state of stagflation where you are losing while breaking even.
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