| Stagflation: Stagflation characterizes an economic condition marked by simultaneous high inflation and stagnant economic growth, coupled with high unemployment. This unique scenario challenges traditional economic theories where inflation tends to occur alongside robust economic growth. Stagflation poses policy dilemmas as measures to tackle inflation might exacerbate unemployment, making it a complex economic challenge to address. See also Inflation, economic growth, Economic Theories, Economic cycles._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. |
