Answered

Explore Westonci.ca, the leading Q&A site where experts provide accurate and helpful answers to all your questions. Discover detailed solutions to your questions from a wide network of experts on our comprehensive Q&A platform. Our platform offers a seamless experience for finding reliable answers from a network of knowledgeable professionals.

What was "stagflation"? inflation caused by tax cuts inflation despite a stagnant economy inflation despite declining unemployment inflation stagnated by federal efforts

Sagot :

Gibbs
Stagflation is the word used to describe the state of an economy if there is inflation despite a stagnant economy. Inflation is usually a result of rising demand due to an growing economy, however, under stagflation this is not the case. 
francocanacari

Answer:

Stagflation was the term that described the economic situation of the United States in the 1970s: there was inflaltion despite a stagnant economy.

Explanation:

Stagflation indicates the economic problem in which, within an inflationary situation, there is a stagnation of the economy and the rate of inflation does not decrease.

Stagflation combines the terms "stagnation" and "inflation"; it is the economic situation that indicates the simultaneity of the rise in prices, the increase in unemployment and economic stagnation, entering a crisis or even a recession.

We appreciate your time. Please revisit us for more reliable answers to any questions you may have. We hope this was helpful. Please come back whenever you need more information or answers to your queries. We're glad you chose Westonci.ca. Revisit us for updated answers from our knowledgeable team.