A situation in which output decreases while prices increase is often referred to as:
A. inflation.
B. negative economic growth.
C. a recession.
D. stagflation.
Answer: D
You might also like to view...
Unemployment and recessions are sometimes necessary to curb high inflation
Indicate whether the statement is true or false
Identify two reasons why an individual's labor supply curve is typically upward-sloping.
What will be an ideal response?
The main proponent of the conservative view on poverty is
A. William Julius Wilson. B. Barbara Ehrenreich. C. Charles Murray. D. Nicholas Lemann.
For a worker to be potentially available, he or she must
A. have the skills required by the firm and be in the relevant geographic market. B. know about the jobs available at a particular firm. C. be in the relevant geographic market and be willing to work for minimum wage. D. have most of the skills required by the firm only.