Stagflation refers to a situation in which the economy is experiencing:
A. high economic growth and high inflation.
B. low economic growth and high inflation.
C. high economic growth and low inflation.
D. low economic growth and low inflation.
Answer: B
You might also like to view...
Which of the following characteristics of the monopolistically competitive and the perfectly competitive market will cause the firm to earn zero profits in the long run?
A. no barriers to entry B. many buyers C. price taker D. homogeneous product
Appreciation of the Japanese Yen would lead to
a. outward shift in the aggregate supply curve for Japan. b. upward shift in the aggregate demand curve for Japan. c. downward shift in the aggregate supply curve for Japan. d. downward shift in the aggregate demand curve for Japan.
When demand falls and supply stays the same,
A. equilibrium quantity rises. B. equilibrium quantity falls. C. equilibrium quantity stays the same.
A financial account surplus implies that a countries assets are falling or its liabilities are rising
a. true b. false