stagflationary
Sluggish yet pricier
Stagflationary describes economic conditions combining stagnant growth with persistent inflation—the worst of both worlds.
Orthodox economics held that inflation and stagnation shouldn't coexist, since weak demand should keep prices down.
The 1970s proved otherwise.
Stagflationary pressures are building as energy costs rise while hiring slows.
Reduction in pace
- plateauFlat highland area
- malaiseDiffuse, sourceless discomfort
- doldrumsState of inactivity
- slumpExtended period of decline
lethargy · torpor · standstill · gridlock · stasis · inertia
Abrupt petroleum supply disruption
- supply shockSudden change in production capacity
- economic malaisePersistent fiscal weakness
- 1970sFourth decade, twentieth century
- OPECPetroleum exporters' coalition
energy crisis · recession · contraction · hardship · squeeze · double-digit · wage demands · union strikes
Inflation from higher production expenses
- purchasing powerEconomic spending ability
- commodity pricesCost of traded raw goods
- price indexMeasure tracking price changes
- devaluationLowering of currency worth
indexation · real wages · cost of living · price controls · bracket creep
State without paid work
- layoffsMass job eliminations
- redundancyNeedless duplication
- workforceAll available workers
- benefitsGains or helpful effects
claimants · jobseeker · underemployment · displaced · retrenchment · downsizing · labor market · youth unemployment
Production-centered economic theory
- monetary policyCentral bank economic controls
- fiscal stimulusGovernment spending to boost economy
- interest ratesPrice paid for borrowing
- central bankNational currency management institution
wage controls · price controls · austerity · tight money · expansionary · contractionary · trade-offs · indexation
slowdown
Reduction in pace
slump · lethargy · torpor · standstill · gridlock · stasis · inertia
oil shock
Abrupt petroleum supply disruption
- supply shockSudden change in production capacity
- economic malaisePersistent fiscal weakness
- 1970sFourth decade, twentieth century
OPEC · energy crisis · recession · contraction · hardship · squeeze · double-digit · wage demands · union strikes · economic turmoil
cost-push
Inflation from higher production expenses
- purchasing powerEconomic spending ability
- commodity pricesCost of traded raw goods
- price indexMeasure tracking price changes
devaluation · indexation · real wages · cost of living · price controls · bracket creep
joblessness
State without paid work
- layoffsMass job eliminations
- redundancyNeedless duplication
- workforceAll available workers
benefits · claimants · jobseeker · underemployment · displaced · retrenchment · downsizing · labor market · youth unemployment · structural unemployment
supply-side
Production-centered economic theory
- monetary policyCentral bank economic controls
- fiscal stimulusGovernment spending to boost economy
- interest ratesPrice paid for borrowing
central bank · wage controls · price controls · austerity · tight money · expansionary · contractionary · trade-offs · indexation
stagflationaryboom
Loud deep sound
booming · expansionary · deflationary · prosperous · thriving
stagflationaryGoldilocks
Fairy tale's blonde intruder
soft landing · stable · benign · manageable · tractable
inflation, stagnant, stagnate, deflation, stagnation, stagnating, stagflation, inflationary, hyperinflation