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In stagflation, you have high inflation, high unemployment, and low demand.
Higher rates of inflation, decrease in business productivity, high unemployment
We were on the gold standard then. No fiat currencyhttp://inflationdata.com/inflation/images/charts/Annual_Inflation/inflation_Cumulative.htmI don't think there was much inflation after the depression. During the depression there was deflation. The economy recovered slowly so there was no spike in inflation.
Inflation was dropped during Reagan's first term in office.
President Ford inherited an economy highlighted by mad high inflation because of the Arab oil crisis during its bicentennial celebration.
Mild inflation is a slow rise in price level of no more than 5 percent per annum. It is associated with a low level of unemployment and is during the upswing phase of a trade cycle. Such creeping inflation has beneficial effects on an economy. It is a sign of a buoyant economy or an expanding economy, implying the generation of jobs, output and growth.
During the Ford administration, inflation was seen as a looming financial problem to the US economy. A program was started to Whip Inflation Now- had popular buttons, but not much else.
foreign goods were cheaper than locally produced products.
Inflation is inherent in every economy. Maybe you're thinking of hyperinflation that happend in Europe during the great depression when money became cheaper to burn than fire wood.
Higher rates of inflation, decrease in business productivity, high unemployment
Inflation was a big problem for Americans during the Revolution
during periods of inflation tax rates sholkd