Stagflation refers to a situation in which the economy is experiencing:
A. high economic growth and high inflation.
B. low economic growth and high inflation.
C. high economic growth and low inflation.
D. low economic growth and low inflation.
Answer: B
You might also like to view...
A headline states: "Real GDP falls again as the economy slumps." This condition is most likely to produce what type of unemployment?
A. natural B. frictional C. structural D. cyclical
Refer to the scenario above. What is the difference between the future value of John's deposit and Wendy's deposit after one year?
A) $10 B) $40 C) $60 D) $100
A supply curve generally
a. is a straight horizontal line. b. is a straight vertical line. c. slopes downward to the right. d. slopes upward to the right.
A theoretical restriction on the short-run cubic cost equation, TVC = aQ + bQ + cQ2, is
A. a > 0, b < 0, c < 0 B. a > 0, b > 0, c > 0 C. a > 0, b > 0, c < 0 D. a > 0, b < 0, c > 0