What is stagflation?

What is stagflation?

Stagflation occurs in an economy where high rate of unemployment exists alongside high rate of inflation. Where it happens, the national income will be below its full-employment level.

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Somtochukwu
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Somtochukwu

Coach, Motivational Speaker, Writer and Teacher.

▪ Follower of Balancism.
Somtochukwu
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