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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Explain why high nominal interest rates in an economy does not necessarily mean real interest rates in the same economy are also high
What will be an ideal response?
Refer to Figure 6-10. A perfectly inelastic supply curve is shown in
A) Panel A. B) Panel B. C) Panel C. D) Panel D.
In most countries, primary and secondary education is the responsibility of the
a. private business sector. b. religious institutions. c. government sector. d. household.
Which of the following will cause the aggregate supply curve to shift to the left?
A. A lower tax rate. B. Deregulation of production processes. C. A higher minimum wage. D. More job and skills training.