A cost shock, such as a natural disaster, leads to stagflation.
Answer the following statement true (T) or false (F)
True
Economics
You might also like to view...
In the circular flow model, which of the following is on the selling side in the goods market?
A) federal, state, and local governments B) only households C) exporters D) only firms E) both firms and households
Economics
Within the balance of payments, a current account deficit is offset by a:
A) financial account deficit. B) financial account surplus. C) budget deficit. D) budget surplus.
Economics
Total Revenue Product with six units of labor would be
A. $456.
B. $700.
C. $760.
D. $800.
Economics
In a purely competitive industry, an optimal allocation of scarce resources occurs when:
A. P = AC. B. TR = TC. C. P = MC. D. MR = MC.
Economics