What is meant by stagnant economy
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Stagnation is a situation that occurs within an economy when total output is either declining, flat or rising just slightly. Consistent unemployment is also a characteristic of a stagnant economy, but stagnation does not constitute a recession.
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Stagnation is a situation that occurs within an economy when total output is either declining, flat, or growing slowly. Consistent unemployment is also a characteristic of a stagnant economy. Stagnation results in flat job growth, no wage increases, and an absence of stock market booms or highs.
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