What is stagflation

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It is a situation in which the inflation rate is high the economic growth rate slows and unemployment remains steadily high.
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inflation rate is high, the economic growth rate slows, and unemployment remains steadily high in stagflation
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Stagflation is a condition of slow economic growth accompanied by high unemployment resulting in a decline in the gross domestic product.
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In this situation inflation becomes high economic growth rate of the country slowes down andunemployment increases
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economics, we study mainly about four types of economies. These four types of economies are : vibrant economy , stagnant economy , developing economy and developed economy. Economic stagnation basically means stagnant economy. The word stagnant mean something which has no current or flow . Basically...
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economics, we study mainly about four types of economies. These four types of economies are : vibrant economy , stagnant economy , developing economy and developed economy. Economic stagnation basically means stagnant economy. The word stagnant mean something which has no current or flow . Basically stagnant economy means a economy in which there is no development and nothing productive activity did happen from a long time. So it is considered as backward economy. Bhausaheb Damale sir Ahmadnagar maharshtra synergy career forum read less
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Stagflation is a kind of situation where there is no economical growth and the rate of inflation is high as well as the unemployment is also very high
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