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In stagflation, you have high inflation, high unemployment, and low demand.

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8y ago

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What happened to economy during stagflation?

Higher rates of inflation, decrease in business productivity, high unemployment


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


Why did economists invent the term stagflation to describe the economic problem in the US during the 1970s?

to describe a situation caused by a weak economy and rising prices


Why did economists 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 economists invent the term stagflation to describe the economic problems in the US during the 1970's?

to describe a situation caused by a weak economy and rising prices


Why did economists invent the term stagflation to describe the economic problems in the United States 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 United States during the 1970s?

to describe a situation caused by a weak economy and rising prices


Why did economists invent the term stagflation to describe the economic problems in the united States during the 1970s?

to describe a situation caused by a weak economy and rising prices


An economy that experience decreasing real GDP and increasing prices is said to suffer from what?

stagflation


What is an economy that experiences decreasing real GDP and increasing prices suffering from?

An economy that experiences decreasing real GDP and increasing prices suffering from stagflation.