Meanings (ES + gloss)
estanflación
Prolonged high inflation accompanied by stagnant growth, often with recession and high unemployment.
As soon as we understand how involuntary unemployment can result from rational and well-informed individual behavior, it also becomes obvious how inflation and unemployment—which w…
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 and history…
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