Support our online development, and advance our onground research initiatives in free market economics, as we seek to showcase the brightest Next-Gen minds.
THE ME-P DISCLAIMER: Posts, comments and opinions do not necessarily represent iMBA, Inc., but become our property after submission. Copyright © 2006 to-date. iMBA, Inc allows colleges, universities, medical and financial professionals and related clinics, hospitals and non-profit healthcare organizations to distribute our proprietary essays, photos, videos, audios and other documents; etc. However, please review copyright and usage information for each individual asset before submission to us, and/or placement on your publication or web site. Attestation references, citations and/or back-links are required. All other assets are property of the individual copyright holder.
By Staff Reporters
***
***
What Is Stagflation?
Stagflation is characterized by slow economic growth and relatively high unemployment—or economic stagnation—which is at the same time accompanied by rising prices (i.e., inflation). Stagflation can be alternatively defined as a period of inflation combined with a decline in the gross domestic product (GDP).
CITE: https://www.r2library.com/Resource/Title/0826102549
The term, a portmanteau of stagnation and inflation, is generally attributed to Iain Macleod, a British Conservative Party politician who became Chancellor of the Exchequer in 1970.
MORE: https://medicalexecutivepost.com/2019/06/25/what-is-a-portmanteau/
Key Takeaways According to Investopedia
- Stagflation refers to an economy that is experiencing a simultaneous increase in inflation and stagnation of economic output.
- Stagflation was first recognized during the 1970s when many developed economies experienced rapid inflation and high unemployment as a result of an oil shock.1
- The prevailing economic theory at the time could not easily explain how stagflation could occur.
- Since the 1970s, rising price levels during periods of slow or negative economic growth have become somewhat of the norm rather than an exceptional situation.
***
COMMENTS APPRECIATED
Thank You
***
***
Share this:
Filed under: Glossary Terms, Health Economics, Investing | Tagged: GDP, Iain Macleod, inflation, Portmanteau, stagflation |
The Leading Business Education Network for Doctors, Financial Advisors and Health Industry Consultants 
Leave a Reply