Economic stagnation coupled with high inflation is commonly called:

The purchase by the central bank of newly created government debt is called "monetizing the deficit."

Indicate whether the statement is true or false

An increase in labor productivity necessarily means an increase in real GDP per capita if: a. real GDP increases

b. the employment growth rate is greater than the population growth rate. c. the employment growth rate is less than the population growth rate. d. the size of the labor force remains constant. e. real GDP increases more rapidly than nominal GDP.