Reagan‘s Answer To Stagflation.

<p>For a very long time, economists believed that Stagflation could not exist. Either it was one: say high inflation. Or it was the other, low growth. But never, they thought both together.</p> <p>However, that debate came to a screeching halt in the 1970s. When the American economy suffered from both barrels of the most virulent high inflation, low economic growth that the country had ever seen. </p> <p> </p>