What is the definition of stagflation?

A. an economic condition of both continuing inflation and stagnant business activity
B. a movement dedicated to achieving the stagnation of inflation rates
C. another term for steadily declining inflation rates on an international level
D. an economic tactic used for slowing inflation while growing local business


Answer: A

History

You might also like to view...

Tecumseh died from wounds he received at the Battle of

A) Tippecanoe. B) Prophet's Town. C) the Thames River. D) Fallen Timbers.

History

How does the maturation process of humans differ from that of other mammals?

A) It is shorter. B) It is longer. C) It occurs with relatively little nurturing. D) The need for supervision is surprisingly low.

History

The spread of private institutions of higher education was most reflective of which of the following?

A) improving racial relations B) decreasing class antagonism C) growing equality in American society D) the wealth of a new industrial owner class

History

What impact did the decline of deference during the 1830s in American society have on American elites?

a. Those who were born to prominent families continued to lead, though their incomes declined. b. They no longer enjoyed popular assumptions that they should rule. c. It caused the decline of the competitive capitalist society in early America. d. Power came to be determined more by class than wealth.

History