Explain inflation, stagflation, recession, depression

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• Explain Inflation, Stagflation, Recession, Depression and Expansion

  346536 Explain Inflation, Stagflation, Recession, Depression and Expansion Inflation, stagflation, recession, depression, expansion, and contraction are commonly used terms in economics and the media. What do these terms mean?

• Inflation, stagflation, recession, depression and expansion

  458651 Inflation, stagflation, recession, depression, expansion, and contraction In 200 word or less: Inflation, stagflation, recession, depression, expansion, and contraction are commonly used terms in economics and the media.

• Causes of Stagflation

  While increasing government spending is useful in ending a Depression, actions by the Fed to end inflation (reducing the money supply) resulted in economic recession in 1980.

• Recession, Economic Trends and Impact on the Business Cycles

  Recessions may be associated with falling prices (deflation), or, alternatively, sharply rising prices (inflation) in a process known as stagflation. A severe or long recession is referred to as an economic depression.

• stagflations of 1973 and 1979

  This resulted in higher inflation, but lesser output due to supply shock, resulting in Stagflation. In what ways were these episodes of stagflation different from the Great Depression of the 1930s?

• John Maynard Keynes

  Keynesian economics dies during the 1970's when it could not explain stagflation. However, it has come back since then in the recent economic recession. The solution explains the contribution of John Maynard Keynes to economics

• Ronald Reagan's Economic Policies

  This supply side theory appeared to backfired as the nation slid into its worst recession since the Great Depression, with unemployment reaching nearly 11% in 1982 and several banks failing.

• Bureau of Economic Analysis

  This helped create a period of high inflation and economic stagnation (really, recession), it was called "stagflation". In the 1960s, LBJ's Great Society programs saw massive federal spending. This caused some inflation later on.

• Defining Economic Terms

  nominal variables (iii) marginal productivity theory of distribution (iv) business cycle i) Stagflation: Stagflation is a combination of inflation and a contraction of real GDP.