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Higher rates of inflation, decrease in business productivity, high unemployment
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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 during the 1970s?
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
What happened to the economy during stagfliation?
During stagflation, the economy experiences stagnant growth, high unemployment, and rising inflation simultaneously. This combination creates a challenging environment for policymakers, as traditional measures to combat inflation, like raising interest rates, can further impede economic growth and worsen unemployment. Stagflation was notably experienced in the 1970s, largely due to oil price shocks and supply chain disruptions. It poses significant challenges as it undermines the typical trade-off between inflation and unemployment.
What happened to economy during stagflation?
Higher rates of inflation, decrease in business productivity, high unemployment
What happend to the economy during stagflation?
In stagflation, you have high inflation, high unemployment, and low demand.
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
