[{"data":1,"prerenderedAt":58},["ShallowReactive",2],{"term:stagflation":3},{"term":4,"related":45},{"id":5,"title":6,"body":7,"category":27,"description":28,"extension":29,"faq":30,"meta":31,"navigation":32,"path":33,"related":34,"seo":38,"stem":39,"takeaways":40,"__hash__":44},"terms\u002Fterms\u002Fstagflation.md","Stagflation",{"type":8,"value":9,"toc":22},"minimark",[10,15,19],[11,12,14],"h2",{"id":13},"understanding-stagflation","Understanding Stagflation",[16,17,18],"p",{},"Stagflation is an unusual and painful mix: prices rise quickly while the economy stagnates and joblessness is high. The term became common during the 1970s, when oil price shocks hit many economies.",[16,20,21],{},"It is hard to treat because the usual tools conflict. Raising interest rates fights inflation but can deepen the slowdown; cutting rates supports growth but can worsen inflation.",{"title":23,"searchDepth":24,"depth":24,"links":25},"",2,[26],{"id":13,"depth":24,"text":14},"economy","High inflation combined with slow growth and high unemployment.","md",[],{},true,"\u002Fterms\u002Fstagflation",[35,36,37],"inflation","recession","unemployment-rate",{"title":6,"description":28},"terms\u002Fstagflation",[41,42,43],"Stagflation is high inflation with weak growth and high unemployment.","Supply shocks, such as oil price spikes, are a common cause.","It forces painful trade-offs on central banks.","KZKOmerE4ImdVQ50ATHz-vwKICpprOKvdWNSM_p_xmQ",[46,50,54],{"title":47,"description":48,"path":49},"Inflation","The rate at which the general level of prices rises, eroding purchasing power.","\u002Fterms\u002Finflation",{"title":51,"description":52,"path":53},"Recession","A significant, widespread decline in economic activity lasting more than a few months.","\u002Fterms\u002Frecession",{"title":55,"description":56,"path":57},"Unemployment Rate","The share of the labor force that is jobless but available and actively looking for work.","\u002Fterms\u002Funemployment-rate",1793374005974]