stagflation was our Word of the Day on 08/28/2007. Hear the podcast!
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Recent Examples of stagflation from the Web
Yet experiencing stagflation and other economic troubles for the first time in the era of mass prosperity provided ample reason for Americans to question the prevailing mixed-economy orthodoxy and ask whether government was overreaching.
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Did You Know?
Stagflation is a portmanteau, that is, a word that blends two others (in this case, "stagnation" and "inflation"). The first documented use of the word appeared in 1965 in the writing of British politician Iain Macleod, who wrote, "We now have the worst of both worlds - not just inflation on the one side or stagnation on the other, but both of them together. We have a sort of 'stagflation' situation." Macleod is often credited with coining the term, and his linguistic invention was quickly embraced by economists in the United States, who used it to refer to the period of economic sluggishness and high inflation that affected the country in the 1970s.
Origin and Etymology of stagflation
blend of stagnation and inflation
First Known Use: 1965See Words from the same year
STAGFLATION Defined for English Language Learners
Definition of stagflation for English Language Learners
: an economic situation in which prices of goods and services continually increase, many people do not have jobs, and businesses are not very successful
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