A situation in which output decreases while prices increase is often referred to as:
A. inflation.
B. negative economic growth.
C. a recession.
D. stagflation.
Answer: D
You might also like to view...
An appreciation of the exchange value of the U.S. dollar would:
a. increase the dollar prices of U.S. imports and the foreign cost of exports from the U.S b. decrease the dollar prices of U.S. imports and the foreign cost of exports from the U.S. c. increase the dollar prices of U.S. imports, but decrease the foreign cost of exports from the U.S. d. decrease the dollar prices of U.S. imports, but increase the foreign cost of exports from the U.S.
The "crowding-out effect" suggests that
A. government spending is increasing at the expense of private investment. B. imports are replacing domestic production. C. private investment is increasing at the expense of government spending. D. consumption is increasing at the expense of investment.
The price of leisure
A) is the same for everyone. B) depends on the number of hours worked. C) is measured as foregone earnings. D) is immeasurable.
When demand rises and supply remains the same, equilibrium price _______ and equilibrium quantity ____________.
Fill in the blank(s) with the appropriate word(s).