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To: Alex who wrote (63144)	1/31/2001 2:55:25 PM
From: long-gone	Respond to of 116764

yup!

To: Alex who wrote (63144)	1/31/2001 3:06:42 PM
From: Alex	Read Replies (1) \| Respond to of 116764

econ161.berkeley.edu

To: Alex who wrote (63144)	2/1/2001 12:13:05 AM
From: Gary H	Read Replies (1) \| Respond to of 116764

Looked up "Stagflation" in Barrons Dictionary; "Term coined by economists in the 70's to describe the previously unpecedented combination of slow economic growth and high unemployment (stagnation)with rising prices (inflation). The principal factor was the fourfold increase in oil prices imposed by OPEC in 1973-74, which raised price levels throughout the economy while further slowing economic growth. As is characteristic of stagflation, fiscal and monetary policies aimed at stimulating the economy and reducing unemployment only exacerbated the inflationary effects".