Word: Stagflation
Source: New York Times
How it was used: Lately, many people are hearing an echo — faintly perhaps but distinctly audible — of the stagflation of the 1970s.
Dictionary Definition: 1) stag·fla·tion /stægˈfleɪ ʃən/ Pronunciation Key - Show Spelled Pronunciation[stag-fley-shuh n] Pronunciation Key - Show IPA Pronunciation
–noun
an inflationary period accompanied by rising unemployment and lack of growth in consumer demand and business activity.
[Origin: 1965–70; b. stagnation and inflation ]
2) stag·fla·tion (stāg-flā'shən) Pronunciation Key n. Sluggish economic growth coupled with a high rate of inflation and unemployment. [stag(nation) + (in)flation.] stag·fla'tion·ar'y (-shə-něr'ē) adj.
My sentence: Years ago when we had found ourselves in stagflation our business was at an economic stand still and we had to down size many of our workers.
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1 comment:
Your sentence needs a little work:
Years ago, when we had found ourselves in stagflation, our business was at an economic standstill and we had to downsize many of our workers.
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