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1 Usage Example Depicting the Meaning of 'Stagflation' in a Sentence

"A period characterized by both inflation, where prices of goods and services rise, and stagnation, marked by high unemployment and a lack of growth in consumer demand and business activity." more

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Stagflation spurred discussions on the importance of economic diversification for long-term resilience.

Stagflation

stag-fley-shuhn
nounA period characterized by both inflation, where prices of goods and services rise, and stagnation, marked by high unemployment and a lack of growth in consumer demand and business activity.
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Last Updated On: May 20, 2024
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