The period from 1983 to 1990 was characterized by
a. decreasing budget deficits and increasing trade surpluses.
b. persistently high inflation.
c. below average rates of real GDP growth.
d. consistent growth of real GDP and decreasing rates of inflation.
d
Economics
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Growth in the Solow residual was slowest in the
A) 1950s. B) 1960s. C) 1970s. D) 1980s.
Economics
At one time, policy makers interpreted the Phillips curve as offering a menu of inflation-unemployment choices. Today, the curve is no longer viewed this way. Why has the interpretation changed?
Economics