The combination of inflation and economic stagnation is known as

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Stagflation is the combination of high inflation and low economic growth. It is a unique economic situation because conventional ways of dealing with inflation, such as raising interest rates, can actually worsen the economic downturn. A depression economy is a severe downturn, usually characterized by high unemployment and a drastic drop in GDP. An inflagnant economy is not a recognized economic term. A recession is a period of economic decline, but it does not necessarily have to involve inflation.

The Combination of Inflation and Economic Stagnation Is Known as