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Stagflation: A Retrospective

Author

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  • Thomas F. Dernburg

    (Emeritus Professor of Economics, the American University; former chairholder, Chair of Excellence in Free Enterprise, Austin Peay State University)

Abstract

The sharp and continuing increase in the cost of oil is hitting the economy on the demand side, as consumers buy fewer goods because they have to pay more for gasoline, and on the supply side, as rising energy prices work their way into the cost structure.

Suggested Citation

  • Thomas F. Dernburg, 2008. "Stagflation: A Retrospective," Tennessee's Business, Middle Tennessee State University, Business and Economic Research Center, vol. 17(3), pages 1, Summer.
  • Handle: RePEc:mts:tenbus:v:17:y:2008:i:3:p:http://www.mtsu.edu/~berc/tnbiz/economy/dernburg.html
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