stag·fla·tion  (stāg-flā'shən)  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. |
| stagflationary | |
adjective | |
| characteristic of or promoting stagflation |