Economic stagnation coupled with high inflation is commonly called:
A. stagflation.
B. inflationary stagnation.
C. stagnatory growth.
D. inflagnation.
Answer: A
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The bond supply curve slopes up because
A) interest rates rise as bond prices rise. B) when bond prices are high, inflation is high. C) the lender is willing and able to offer more bonds when the price of the bond is low. D) the borrower is willing and able to offer more bonds when the price of the bond is high.
Unemployment arising from a mismatch of skills is called: a. frictional unemployment. b. structural unemployment. c. seasonal unemployment. d. cyclical unemployment
e. underemployment.
One World View article, "The Risks of China's Foreign-Exchange Stockpile," states that
A. The reserves of foreign exchange in China can cause inflation in China. B. China's reserves of currency can cause deflation in China. C. The dollar is undervalued. D. The trade imbalance is due to an overvalued yuan.
If the marginal propensity to consume (MPC) is 0.75, the value of the spending multiplier is:
A. 0. B. 1. C. 4. D. 5.