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As in stagflation means inflation, slow economy with high unemployment, increased prices with tightened money supply (inflation and high interest rates). We had that when Carter was potus.
No, that was the highest rate of unemployment during his presidency, in 1982. During the Carter years before him, unemployment had been at an average level of 6.4%. Reagans average unemployment level was 7.5%.
carter, clinton, obama.
jimmy carter
Unemployment, inflation, gas shortages, and the Iranian hostage debacle.
The Economy
Carter, the man who had promised to cut taxes while campaigning in 1976, was saying new taxes were necessary.
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the economy
President Carter's popularity declined.
President Carter was largely unable to get bills passed in Congress
He became less popular.