Stagflation consists of
A) high inflation and low unemployment.
B) low inflation and high unemployment.
C) high inflation and high unemployment.
D) high unemployment and an economy in a deep recession.
E) none of the above
C
Economics
You might also like to view...
Intended investment, actual investment, and saving are all equal when the economy is in equilibrium
Indicate whether the statement is true or false
Economics
On May 12, 2011, the U.S. dollar was worth 0.61 British pounds. How many dollars did it take to buy one British pound?
a. 1.19 b. 1.61 c. 1.64 d. 2.19
Economics