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What does stagflation mean?

Looking for the meaning or definition of the word stagflation? Here's what it means.

Noun
  1. (economics) Inflation accompanied by stagnant growth, unemployment or recession.
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It was my disillusionment with the lack of economic opportunities associated with stagflation that politicized me.
In addition, fears of stagflation weighed heavily on cyclical stocks in particular.
The return of 1970s stagflation increasingly is being recognized as a possibility.
The episode is a classic stagflation, with inflation going up and the economy, down.
There are also several specific types of price fluctuations in the economy, such as disinflation, reflation and stagflation.
In the US, inflation, unemployment, and interest rates soared, casting the economy into stagflation.

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