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Stagflation is an economics term used to describe the situation when you have a stagnant economy (no job growth) but high unemployment and high inflation. This is usually caused by an increase in the total labor force. There is just too many people in the workforce and not enough jobs available.
Wiki User
∙ 13y ago
Wiki User
∙ 10y agoThe cause of stagflation was the oil crisis which caused an inflation in prices and higher unemployment rate.
Source: e2020 Topic Test Review
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When rising prices occur simultaneously with high unemployment it is called?
Funnily enough, it's called stagflation...
What happend to the economy during stagflation?
In stagflation, you have high inflation, high unemployment, and low demand.
What economic condition is characterized by high inflation and high unemployment?
the name is stagflation. It is difficult to handle this situation. search for stagflation to know more...
Economic term for an economy with rising inflation and unemployment?
This is called inflation or more precisely "price inflation".
What are some examples of stagflation today?
none, stagflation has only existed in the 1970's as a phenomena created by external factors. we are constantly in danger of stagflation when unemployment is high and external forces create tension in the markets, but following classical economic theories recession and inflation are mutually exclusive.
When rising prices occur simultaneously with high unemployment it is called?
Funnily enough, it's called stagflation...
What happend to the economy during stagflation?
In stagflation, you have high inflation, high unemployment, and low demand.
What economic condition is characterized by high inflation and high unemployment?
the name is stagflation. It is difficult to handle this situation. search for stagflation to know more...
What was the importance of the stagflation in 1970?
Stagflation was the combination of increasing inflation and unemployment that the US was experiencing. It was occurring because OPEC placed a trade embargo for oil on the US because the US had supported Israel in a war against Iraq.
What happened to economy during stagflation?
Higher rates of inflation, decrease in business productivity, high unemployment
Economic term for an economy with rising inflation and unemployment?
This is called inflation or more precisely "price inflation".
What are some examples of stagflation today?
none, stagflation has only existed in the 1970's as a phenomena created by external factors. we are constantly in danger of stagflation when unemployment is high and external forces create tension in the markets, but following classical economic theories recession and inflation are mutually exclusive.
Until the stagflation of the 1970s the Phillips curve seemed to prove an inverse relationship between inflation and what other variable?
Unemployment
Stagfation was an economic term referring to?
Stagflation was an economic condition in which unemployment was high, the economy was stagnant, but prices were rising (inflation).
What does the term stagflation reference in financial terms?
The term, stagflation, means a condition where unemployment is high, and thus, economic growth is slow. Inflation increases at a greater rate than the economy, usually making it difficult for people to keep up with rising prices.
What happened to the economy during stagflation?
Higher rates of inflation, decrease in business productivity, high unemployment
How did the embargo by the organization of petroleum exporting countries cause stagflation?
Oil prices increased
