"Stagflation" is a term used to describe an economy in which, among other things, prices remain stagnant.

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Stagflation is a term used to describe an economic situation where inflation is high, economic growth rate slows, and unemployment remains steadily high. It does not refer to stagnant prices but rather to a period of rising prices (inflation) combined with a stagnation of economic output.

"Stagflation" Is a Term Used to Describe an Economy in Which