Economic stagnation coupled with high inflation is commonly called:
A. stagflation.
B. inflationary stagnation.
C. stagnatory growth.
D. inflagnation.
Answer: A
You might also like to view...
If a market produces a level of output that exceeds the competitive equilibrium output, then
A) social welfare will be higher. B) producer surplus will be higher. C) marginal cost will exceed price. D) All of the above.
A bubble or panic generally occurs in the stock market because of:
a. upswings in the business cycle. b. expansionary monetary policies undertaken by the government. c. irrational, or abnormal forecasts, or market valuations. d. an increase in the profitability of the firms. e. deliberate government actions to control inflation.
One of the most important determinants of accelerated economic growth is: a. relaxed property rights
b. an increase in population. c. a high level of savings. d. an increased rate of consumption.
The wedge between the buyers' price and the sellers' price is the same, regardless of whether the tax is levied on buyers or sellers
a. True b. False Indicate whether the statement is true or false