What Is Stagflation? Economic Stagnation and Inflation
This is characterized by high unemployment rates, rising prices and a decline in gross domestic product (GDP). For the typical consumer, stagflation causes their purchasing power to decrease, making it hard to meet basic needs. It’s generally agreed that the main cause of stagflation is a major supply shock. Things tend to get off-kilter when …
What Is Stagflation? Economic Stagnation and Inflation Lees meer »