Economic stagnation coupled with high inflation is commonly called:
A. stagflation.
B. inflationary stagnation.
C. stagnatory growth.
D. inflagnation.
Answer: A
You might also like to view...
What were the major reasons for the lack of sustained growth before modern times?
What will be an ideal response?
Vertical contracts that aim to decrease retailer prices typically
a. Benefits the consumers, manufacturers and retailers b. Hurts all the manufacturers, consumers and retailers c. Benefit the manufacturer, hurt the consumer and retailer d. Benefit the retailer, hurt the manufacturer and consumer
Personal income taxes rise. This lowers __________, which lowers __________ and the __________ curve shifts __________
A) net exports; aggregate demand (AD); AD; leftward B) consumption; short-run aggregate supply (SRAS); SRAS; rightward C) government revenue; net exports; AD; rightward D) consumption; aggregate demand (AD); AD; leftward E) none of the above
The marginal utility of the last unit of apples consumed is 12 and the marginal utility of the last unit of bananas consumed is 8. What set of prices for apples and bananas, respectively, would be consistent with consumer equilibrium?
A. $4 and $6 B. $6 and $4 C. $8 and $12 D. $16 and $9