Stagflation in economics: History, causes & characteristics
- November 14, 2023
- Brian Jenkins, economics, Money Geek, Nov. 14, 2023
Brian Jenkins, UCI Associate Teaching Professor and Director of Undergraduate Studies in the Department of Economics [said]: “Stagflation is a recession accompanied by high inflation. … Indicators of inflation (e.g., CPI growth) show slowing price growth, and indicators of real economic activity (e.g., employment or real GDP growth) also show improvement.”
For the full story, please visit https://www.moneygeek.com/economics/terms/stagflation/#expert=brian-jenkins.