Question

what is stagflation describe

Answer 1

In economics, stagflation, a portmanteau of stagnation and inflation, is a situation in which the inflation rate is high, the economic growth rate slows, and unemployment remains steadily high.

Answer 2

SUBJECT: → HISTORY

Explanation:

Stagflation is a period of slow economic growth and high unemployment stagnation while prices rise inflation.

Reagan's first priority was getting the economy back on track.

The nation was suffering from stagflation.

That he believed from his high taxes and excessive government spending were causing the problem.

He promised to cut their taxes ($money$) and government spending.