stagflation
/stæɡˈfɫeɪʃən/
stagnant growth combined with high inflation
stagflation in a sentence
“The 1970s oil crisis caused stagflation.”
Origin of stagflation
Blend of stagnation + inflation, coined 1965
Related Words
trade deficit
when imports exceed exports
GDP
gross domestic product; the total value of goods and services produced
inflation
a general increase in prices and fall in purchasing power
deflation
a general decrease in prices
recession
a significant decline in economic activity lasting months
fiscal policy
government spending and taxation decisions