Stagflation describes a situation in the economy where the economy is
A. stagnant and prices are falling.
B. growing and prices are falling.
C. stagnant and prices are stable.
D. stagnant and prices are rising.
D. stagnant and prices are rising.
You might also like to view...
The distinction between M1 and M2 has blurred over time because: a. M1 is now larger than M2
b. depositors can transfer funds between accounts easily. c. the Federal Reserve has defined them less precisely. d. M1 is becoming less liquid. e. banks are now offering time deposits.
Which of the following statements concerning opportunity costs is false?
a. Opportunity costs are only expressed in money terms. b. Every choice involves opportunity costs. c. Opportunity costs are the highest-valued alternatives that must be forgone when a choice is made. d. The concept of opportunity cost is used to demonstrate scarcity. e. Economists refer to the forgone benefits of the next-best alternative as opportunity costs.
If you receive a dollar return of 6 percent on a one-year Korean bond that yields 10 percent annually, this means that between the purchase date and the time of maturity:
a. the Korean won (KRW) has depreciated 4 percent against the U.S. dollar. b. the dollar price of the Korean won (KRW) has risen by 10 percent. c. the percentage change in the dollar per Korean won exchange rate is 6 percent. d. the dollar proceeds from the Korean bond are 4 percent higher than the initial dollar investment. e. the dollar has depreciated 16 percent against the Korean won.
A . Can you explain why some employees who work for monopsonists might feel that they are underpaid? b. Why can't the firm raise their wage rates to keep them from feeling this way?