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OpenStudy (anonymous):
What was "stagflation"? inflation caused by tax cuts inflation despite a stagnant economy inflation despite declining unemployment inflation stagnated by federal efforts
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OpenStudy (anonymous):
ill answer in in 2 min gatta go to bathroom
OpenStudy (anonymous):
ok
OpenStudy (anonymous):
back ok let mesee
OpenStudy (anonymous):
Stagflation is the word used to describe the state of an economy if there is inflation despite a stagnant economy. Inflation is usually a result of rising demand due to an growing economy, however, under stagflation this is not the case.
OpenStudy (anonymous):
yup
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