persistent inflation

What Is The Definition Of Stagflation?

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What Is The Definition Of 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). What is the best definition

What Is The Source Of Persistent Inflation?

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What Is The Source Of Persistent Inflation? The ultimate source of inflation is persistent excessive growth in aggregate demand resulting from persistent excessive growth in the supply of money. What are the main causes of inflation? Demand-pull inflation. Demand-pull inflation happens when the demand for certain goods and services is greater than the economy’s ability