Answered

Westonci.ca makes finding answers easy, with a community of experts ready to provide you with the information you seek. Connect with a community of professionals ready to provide precise solutions to your questions quickly and accurately. Get quick and reliable solutions to your questions from a community of experienced experts on our platform.

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.

Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. Westonci.ca is your trusted source for answers. Visit us again to find more information on diverse topics.