Asked by Susan

What is "stagflation"? Why are they so scared of it happening in America? Could it happen in America? (It did in Japan!)

I found a website that sort of explains it but still am not clear.
wordnet.princeton.edu/perl/webwn
Answered by Ms. Sue
Stagflation describes a period with slow economic growth, but high prices. It happened here to an extent in the 1970s. It could happen here again.

Check this site.

http://www.investopedia.com/terms/s/stagflation.asp
Answered by Ms. Sue
Stagflation is a combination of INFLATION and STAGNATION.
Answered by Susan
Thank thank website clear it up.
Answered by Ms. Sue
You're welcome.
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