The macroeconomic conditions during the mid-1990s confounded many economists because of the simultaneous occurrence of
A. low unemployment and decreasing inflation rates.
B. low unemployment and increasing budget deficits.
C. low unemployment and increasing interest rates.
D. high unemployment and increasing inflation rates.
Answer: A
You might also like to view...
Offshoring refers to the the process in which: a. a firm hires laborers from a foreign market
b. a firm purchases service from another firm. c. a firm purchases service from another firm in another country. d. workers of a particular country seek employment in a firm of a foreign country. e. the government of a country works toward providing social security and other rights to migrant workers.
A central bank like the Federal Reserve in the United States can help banks survive a bank run by
A) printing money. B) acting as a lender of last resort. C) raising the discount rate. D) increasing the required reserve ratio.