Word: Stagflation
Source: MSNBC.com
How it was used: And if you have inflation in a recession, you get stagflation, the disease that left the U.S. economy and stock market in ruins throughout most of the 1970s.
Definition: An inflationary period accompanied by rising unemployment and lack of growth in consumer demand and business activity. (n.)
My sentence: The stagflation period that we are currently experiencing in the U.S. is full of inflation and job loss.
Monday, February 23, 2009
Subscribe to:
Post Comments (Atom)
1 comment:
OK - 5/5
Post a Comment