Which of the following is true about stagflation?
A. It causes higher prices and lower unemployment.
B. It can be corrected by increases in aggregate supply.
C. It results in a lower value of the misery index.
D. It can be corrected by demand-side policies.
Answer: B
You might also like to view...
In financial markets, when a firm issuing new securities has previously issued securities, these securities are called
A) seasoned issues. B) an initial public offering. C) secondary issues. D) investment-grade issues.
When P = $65, the quantity demanded of a good is 80 units, and the quantity supplied of the good is 40 units. For every $10 increase in the price of this good, quantity demanded falls by 10 units and quantity supplied rises by 10 units. The equilibrium price of this good is ___________and the equilibrium quantity of this good is _________ units
A) $55; 30 B) $75; 50 C) $75; 70 D) $85; 50 E) $85; 60
If you worked 35 hours a week at a minimum wage job you could ________ a family of four above the poverty line.
A. easily keep B. barely keep C. not come close to keeping
Which of the following measures market structure?
A. Lerner index B. Herfindahl-Hirschman index C. Four-firm concentration ratio D. All of the choices may be used to make inferences about market structure.