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
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
4 answers
Stagflation is a combination of INFLATION and STAGNATION.
Thank thank website clear it up.
You're welcome.