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stagflation

[stag-fley-shuh n]
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noun
  1. an inflationary period accompanied by rising unemployment and lack of growth in consumer demand and business activity.
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Origin of stagflation

1965–70; blend of stagnation and inflation
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018

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British Dictionary definitions for stagflation

stagflation

noun
  1. a situation in which inflation is combined with stagnant or falling output and employment
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Word Origin

C20: blend of stagnation + inflation
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Word Origin and History for stagflation

n.

1965, apparently coined by U.K. politician Iain Macleod (1913-1970), from stag(nation) + (in)flation.

Attacking the Government's economic policy last night in the House of Commons, Mr. Iain Macleod (West Enfield - Con.) the Opposition spokesman on Treasury and economic affairs, described the present situation in Britain as "stagflation" -- stagnation and inflation together. ["Glasgow Herald," Nov. 18, 1965]
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Online Etymology Dictionary, © 2010 Douglas Harper

stagflation in Culture

stagflation

An economic phenomenon of the late 1960s and 1970s characterized by sluggish economic growth and high inflation. The word is a blend of stagnation and inflation.

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The New Dictionary of Cultural Literacy, Third Edition Copyright © 2005 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.