The combination of high inflation and no growth in the late 1970s was called

Question

Quizplus · Accepted Answer

Stagflation refers to a combination of stagnant economic growth and high inflation. This occurred in the late 1970s, when the US economy experienced high inflation rates (above 10%) and low or negative economic growth. Stop-and-go refers to a cycle of alternating economic expansion and contraction, and hyperinflation refers to a situation of extremely high inflation rates (above 50% per month). High-no is not a commonly used term in economics.

The Combination of High Inflation and No Growth in the Late