Difference between revisions of "Stagflation"
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According to [[Principles of Economics by Timothy Taylor (3rd edition)]], | According to [[Principles of Economics by Timothy Taylor (3rd edition)]], | ||
:[[Stagflation]]. When an economy experiences stagnant growth and high inflation at the same time. | :[[Stagflation]]. When an economy experiences stagnant growth and high inflation at the same time. | ||
| + | According to [[Macroeconomics by Mankiw (7th edition)]], | ||
| + | :[[Stagflation]]. A situation of falling output and rising prices; combination of stagnation and inflation. | ||
[[Category: Economics]][[Category: Articles]] | [[Category: Economics]][[Category: Articles]] | ||
Latest revision as of 19:27, 2 July 2020
Stagflation is when an economy experiences stagnant growth and high inflation at the same time.
Definition
According to Principles of Economics by Timothy Taylor (3rd edition),
- Stagflation. When an economy experiences stagnant growth and high inflation at the same time.
According to Macroeconomics by Mankiw (7th edition),
- Stagflation. A situation of falling output and rising prices; combination of stagnation and inflation.
