During Nixon's administration, his attempts to curb inflation were met with challenges. His economic advisors gave advice based on what the federal government usually did, either increase or decrease federal money into the economy. This proved no longer as successful. What was the term coined for the economic condition of stagnation of wages and inflation of the currency at the same time?

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The term coined for the economic condition of stagnation of wages and inflation of the currency at ... View the full answer