0
a period of high inflation and slow economic growth
What else can I help you with?
When rising prices occur simultaneously with high unemployment it is called?
Funnily enough, it's called stagflation...
Is inflation going on or recession?
Both inflation and recession are occurring. A special term was coined for that. It is stagflation.
What does the term stagflation reference in financial terms?
The term, stagflation, means a condition where unemployment is high, and thus, economic growth is slow. Inflation increases at a greater rate than the economy, usually making it difficult for people to keep up with rising prices.
Which economic term describes a period of slow economic growth that also has inflation?
Recession
Economic term for an economy with rising inflation and unemployment?
This is called inflation or more precisely "price inflation".
Stagfation was an economic term referring to?
Stagflation was an economic condition in which unemployment was high, the economy was stagnant, but prices were rising (inflation).
What happend to the economy during stagflation?
In stagflation, you have high inflation, high unemployment, and low demand.
Why did economists invent the term stagflation to describe the economic problems in the US in the 1970s?
to describe a situation caused by a weak economy and rising prices
What is the cause the unemployment part of stagflation?
Stagflation is an economics term used to describe the situation when you have a stagnant economy (no job growth) but high unemployment and high inflation. This is usually caused by an increase in the total labor force. There is just too many people in the workforce and not enough jobs available.
Why did the economists invent the term stagflation to describe the economic problems in the US during the 1970?
to describe a situation caused by a weak economy and rising prices
Why did economist invent the term stagflation to describe the economic problems in the US during the 1970s?
to describe a situation caused by a weak economy and rising prices
Why did economics invent the term stagflation to describe the economic problems in the US during the 1970s?
to describe a situation caused by a weak economy and rising prices
