By the end of this section, the viewer should understand:
Definition of Stagflation: What stagflation is—a combination of high inflation, slow economic growth, and high unemployment.
Causes of Stagflation: Key causes, such as supply shocks (like a sudden rise in oil prices) and poor economic policies.
Economic Impact: How stagflation affects an economy, leading to rising prices, fewer jobs, and stagnating growth.
Real-World Example: The example of Zimbabwe in the 2000s, which experienced hyperinflation, economic contraction, and massive unemployment.
Challenges of Solving Stagflation: Why stagflation is hard to fix, because policies that tackle inflation can worsen unemployment, and vice versa.
Key Terms: Understand terms like inflation, unemployment, supply shock, and hyperinflation.
They should be able to explain these concepts and recognize stagflation if they see it in real-world examples.
The summary and test on website go to this link sites.google.com/view/learnlabs/home
