10 — Business

The word 'healthy' can describe our physical condition, but it can also describe an economy. A 'healthy economy' grows and grows, but if an economy's growth is minimal or non-existent then we say that it 'stagnates'. Even worse is 'stagflation', which is a mixture of 'stagnation' (slow growth) and 'inflation' (quickly increasing prices). A period of 'negative growth' (a decrease in production) is called a 'recession'. A very strong recession is also known as a 'depression' (e.g. The Great Depression of the 1930's).

Write a short text beginning with the following sentence: 'If our national economy had been in a constant period of stagflation over the past ten years, ...'

According to your description, I have known the meaning of the word stagflation, it means the economy ‘growth is slow and the price is expensive, which will make a difference to ordinary people’s lives and business operation, as a result many people will lost their jobs and live a hard life.

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