What Does Stagflation Mean
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Stagflation happens when inflation π and unemployment π rise at the same time*—a rare and puzzling economic situation! The term combines *stagnation and inflation and became widely known during the 1970s oil crisis. This economic paradox challenged traditional theories and led to new policy approaches. • Learn More About Word Origins: • β Subscribe for daily word etymology videos: / @wordsuncovered • π Turn on Notifications to stay updated on new words! • #Economics #Stagflation #Finance #MoneyMatters #EconomicTheory
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