Which of the following happened during the Great Depression?
a. Unemployment and prices increased while output decreased.
b. Unemployment increased while output and prices decreased.
c. Unemployment and prices decreased while output increased.
d. Unemployment and output decreased while prices increased.
e. Unemployment and output increased while prices decreased.
b
Economics
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If the price of oil increased by 15 percent when oil producers believed that other prices were rising 10 percent over the same period, what would happen to the quantity of real output supplied by the oil industry?
Economics
If a country experiences a relatively high inflation rate compared with other economies, then the demand for its currency will _________________.
a. increase b. stabilize c. flatten d. lessen
Economics