Economics Homework Help

I’m working on a Economics exercise and need support.

This written assignment is all about Stagflation, which is something the United States’ economy will hopefully not be going into the next year or two. From this assignment, you will:

1.  Define Stagflation

2.  Give at least two macroeconomic events which might cause an economy to go into an “Stagflationary” era

3.  Draw a diagram which depicts Stagflation (Chapter 7 on Inflation will help you on this)

The goal for this exercise is for you to learn a new, and very important, macroeconomic term; and in the unlikely event that the United States or the rest of the world does enter into a Stagflationary period, you will then have a better understanding about it.