Definition of "stagflation" [stagflation]

• Sluggish economic growth coupled with a high rate of inflation and unemployment. (noun)

American Heritage(R) Dictionary of the English Language, Fifth Edition. Copyright (c) 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

• "That's when the word stagflation was invented to describe a truly ugly combination of rising inflation and stunted growth..."
• "The term stagflation is generally attributed to United Kingdom Chancellor of the Exchequer, Iain MacLeod in a speech to parliament in 1965.www. carlostmock.com"
• "The term stagflation is used to describe the policy-challenging combination of a stagnating economy at a time of rising inflation."