Phillips Curve

Inflation

Worry about stagflation, a flashback to ’70s, begins to grow – Associated Press

Photo: Cars line up for gas at a gas station in Martinez, Calif., on Sept. 21, 1973 Stagflation. It was the dreaded “S word” of the 1970s. For Americans of a certain age, it conjures memories of painfully long lines at gas stations, shuttered factories and President Gerald Ford’s much-ridiculed “Whip Inflation Now” buttons. Stagflation

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