stagflation(redirected from Stagflates)
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Sluggish economic growth coupled with a high rate of inflation and unemployment.
[stag(nation) + (in)flation.]
stag·fla′tion·ar′y (-shə-nĕr′ē) adj.
(Economics) a situation in which inflation is combined with stagnant or falling output and employment
[C20: blend of stagnation + inflation]
an inflationary period accompanied by rising unemployment and lack of increase in business activity.
[1965–70;b. stagnation and inflation]
Rising prices combined with rising levels of unemployment.