A period of inflation combined with slow (or no) economic growth and rising unemployment. Stagflation can occur when an economy is slowed by an unfavourable supply shock, such as an increase in the price of oil in an oil-importing country.
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A period of inflation combined with slow (or no) economic growth and rising unemployment. Stagflation can occur when an economy is slowed by an unfavourable supply shock, such as an increase in the price of oil in an oil-importing country.
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