The 1970s episode was known as stagflation (an era of high inflation and excessive unemployment). The 1970s will not be viewed as an period of secular stagnation because nominal interest rates and inflation were somewhat elevated in that episode. Here is how the unemployment price correlates with the actual interest price and development regime. The San Francisco Fed produces its personal "utilization-adjusted TFP" series here. Perth Mint Lunar Series coins supply both worth and sweetness.

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