Which of the following statements best describes the problem of stagflation?
A. Both inflation and economic expansion are occurring simultaneously.
B. Prices are falling at the same time aggregate output is increasing.
C. It is a period where both prices and unemployment increase simultaneously.
D. There are unrestricted increases in aggregate demand along a vertical aggregate supply curve.
C. It is a period where both prices and unemployment increase simultaneously.
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Net interest payments made by the government depend on the total federal debt held and on the level of interest rates
Indicate whether the statement is true or false
The Miami Dolphins play football in Joe Robbie Stadium which holds 76,500 seats. In 2009, attendance averaged about 70,000 fans per game. This means that the quantity supplied of seats is
A) 76,500. B) 70,000. C) 6,500. D) 126,500.
Any item can successfully serve as money
a. True b. False Indicate whether the statement is true or false
Which of the following would not increase autonomous consumption spending?
a. Expectations of greater future income b. A lower interest rate c. Reduced consumer debt d. Increased household wealth e. Increased disposable income