The decade that had the most stagflation was the
A. 1940s.
B. 1950s.
C. 1960s.
D. 1970s.
D. 1970s.
You might also like to view...
Quantitative easing refers to a policy action in which a central bank
A) sells government securities to directly decrease bank reserves. B) decreases interest rates directly without altering bank reserves. C) increases interest rates directly without altering bank reserves. D) buys government securities to directly increase bank reserves.
Private costs
A) are borne by the producers of a good or service while social costs are borne by government. B) are borne by consumers of a good while social costs are borne by government. C) are borne by producers of a good while social costs are borne by those who cannot afford to purchase the good. D) are borne by producers of a good while social costs are borne by society at large.
In macroeconomics, the long run refers to:
A. how long it takes for prices of inputs to fully adjust to changes in economic conditions. B. the time period when sticky wages are in place. C. how long it takes for output decisions to adjust to changes in economic conditions. D. how long it takes for fixed inputs to become variable.
The short-run individual supply curve of the perfectly competitive firm is:
a. the upward-sloping portion of its average variable cost curve. b. its average total cost curve. c. its marginal cost curve above average variable cost. d. its marginal cost curve above average total cost.