Stagflation is the simultaneous occurrence of substantial unemployment and inflation.

Name: Stagflation is the simultaneous occurrence of substantial unemployment and inflation.
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Stagflation is a term used to describe a situation where there is both high inflation and high unemployment at the same time. This is contrary to the traditional belief that inflation and unemployment have an inverse relationship (i.e., when one is high, the other is low).

Stagflation Is the Simultaneous Occurrence of Substantial Unemployment and Inflation