Stagflation occurs when the economy experiences:
a. low unemployment and low inflation.
b. high unemployment and rapid inflation.
c. low unemployment and rapid inflation.
d. high unemployment and low inflation.
b
Economics
You might also like to view...
Identify some of the salient features of voting as a method of determining the majority preference
Economics
Answer the following statements true (T) or false (F)
1. Unlike corporate debt, national debt possesses no productivity aspect. 2. Interest on the U.S. national debt adds to the federal deficit. 3. The U.S. Treasury often sells new bonds in order to raise money to pay off maturing bonds. 4. As a percentage of GDP, the U.S. national debt held by the public is larger than in any major European country.
Economics