11 min
Stagflation in the USA ECONnect
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- Education
The simultaneous increase in price levels and decrease in economic output is called stagflation. This episode explains the meaning, causes and effects of stagflation by looking at the USA as an example.
The simultaneous increase in price levels and decrease in economic output is called stagflation. This episode explains the meaning, causes and effects of stagflation by looking at the USA as an example.
11 min