Stagflation was the term that described the economic situation of the United States in the 1970s: there was inflaltion despite a stagnant economy.
Explanation:
Stagflation indicates the economic problem in which, within an inflationary situation, there is a stagnation of the economy and the rate of inflation does not decrease.
Stagflation combines the terms "stagnation" and "inflation"; it is the economic situation that indicates the simultaneity of the rise in prices, the increase in unemployment and economic stagnation, entering a crisis or even a recession.
Stagflation is the word used to describe the state of an economy if there is inflation despite a stagnant economy. Inflation is usually a result of rising demand due to an growing economy, however, under stagflation this is not the case.
Japan and China share the writing system (and only the archaic characters and pronunciations), some architecture, one of the religions and some other things, but they are tremendously different countries.
united states is a 1st world country meaning better economy, better life standard, and higher income. vietnam is a 2nd world country meaning worse and weaker economy, worse life standard and lower average income
