但到了上世纪70年代，失业和通货膨胀之间的替代关系似乎消失了，它们同时在增长，而这就是所谓的滞胀现象。

But in the 1970s, the trade-off between unemployment and inflation seemed to evaporate; both rose at the same time, a phenomenon known as stagflation.

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现在不抑制能源需求，后果就是今后更高的能源价格，其经济后果是持续的成本推动型通货膨胀甚至是滞胀。

We do not curb energy demand, the result is the next higher energy prices, the economic consequences of a sustained cost-push inflation or even stagflation.

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经济中出现滞胀-高失业率和通货膨胀同时存在。

You had stagnation in the economy, high level of unemployment. You had inflation, with prices rising rapidly.

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