stagflation Definition
a condition of slow economic growth and relatively high unemployment, or economic stagnation, accompanied by rising prices, or inflation, or inflationary pressures.
Using stagflation: Examples
Take a moment to familiarize yourself with how "stagflation" can be used in various situations through the following examples!
Example
The country is experiencing stagflation, with high inflation rates and low economic growth.
Example
Stagflation can be a difficult economic condition to address because traditional policy measures may not be effective.
Example
The oil crisis in the 1970s led to a period of stagflation in many countries.
stagflation Synonyms and Antonyms
Synonyms for stagflation
- economic stagnation with inflation
- economic slowdown with inflation
Phrases with stagflation
cost-push stagflation
a type of stagflation that occurs when prices rise due to an increase in production costs, such as wages or raw materials
Example
Cost-push stagflation can occur when there is a sudden increase in the price of oil.
demand-pull stagflation
a type of stagflation that occurs when prices rise due to increased demand for goods and services, leading to higher prices and inflation
Example
Demand-pull stagflation can occur when there is an increase in consumer spending or government spending.
hyperstagflation
an extreme form of stagflation characterized by very high inflation rates and economic stagnation
Example
Hyperstagflation can lead to social unrest and political instability.
Origins of stagflation
blend of 'stagnation' and 'inflation'
Summary: stagflation in Brief
The term 'stagflation' [stag-flay-shuhn] refers to a condition of slow economic growth and relatively high unemployment, or economic stagnation, accompanied by rising prices, or inflation, or inflationary pressures. It can be difficult to address because traditional policy measures may not be effective. Stagflation can be caused by cost-push or demand-pull factors, and can lead to hyperstagflation, an extreme form of stagflation characterized by very high inflation rates and economic stagnation.
