Which best describes stagflation?

the period of rising prices and declining employment in the 1970s

the economic intervention that followed the inflation of the early 1970s

the decline in the gross national product following Nixon's resignation

the increased earning power of men during the 1970s despite the Equal Pay Act

The correct answer for the question that is being presented above is this one: "the period of rising prices and declining employment in the 1970s." The statement that best describes stagflation is the period of rising prices and declining employment in the 1970s. Stagflation in simple terms means the Economy in bad shape and stuck at the same time.