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Stagflation Is the Combination of Inflation and Rising Aggregate Output

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Stagflation is the combination of inflation and rising aggregate output.


Definitions:

Income

Financial gains accrued from work or investments over time.

OLED TVs

televisions that use Organic Light Emitting Diodes for display, known for their superior color and contrast.

Imported

Refers to goods or services brought into one country from another for sale or use.

Ceteris Paribus

A Latin term meaning "all other things being equal," used in economics to analyze the effect of one variable on another while holding all other factors constant.

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