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Sign in to searchStagflation
Stagflation refers to a complex macroeconomic situation characterised by the simultaneous occurrence of high inflation, low or negative economic growth, and high unemployment. It contradicts traditional economic theories such as the Phillips Curve, which suggested an inverse relationship between inflation and unemployment. The term was first used by British politician Iain Macleod in 1965.
Historically, stagflation beca
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Explore stagflation: the simultaneous occurrence of high inflation, low growth, and unemployment. Understand its impact on India's economy and policy responses.
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