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
Economics
You might also like to view...
In contrast to the post-World War II period, before 1940 the government
a. actively intervened in the economy for stabilization purposes. b. used aggregate demand management to avoid recessions. c. rarely intervened in the economy to influence inflation or unemployment rates. d. used government ownership to guarantee full employment.
Economics
Which of the following persons is most likely to become informed on the National Endowment for the Arts?
A) an attorney B) a mayor of a city C) a farmer D) a student of agriculture E) a sculptor
Economics