Stagflation is a term that combines the terms “stagnation” and “inflation.” It describes a period of economic stagnation typified by poor growth, high unemployment, and rising prices (inflation). As a result, consumers are under pressure from both sides as their purchasing power decreases. Click on the ‘Download PDF option provided below to know more on-
- What is stagflation?
- Has this happened before?
- What causes stagflation?
- How is the concept linked with the Philips curve?
- What are the solutions to control stagflation?
- What is Misery Index?