A persistently declining price level resulting from economic growth and unchanged aggregate demand is called
A) demand-side deflation.
B) supply-side deflation.
C) ozian deflation.
D) secular deflation.
Answer is D) secular deflation.
Economics
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Which of the following is not a contribution of small firms to development:
a. permit the economy to adjust to recession by hiring those laid off in the formal sector b. create employment c. source of training and skills d. use little capital e. all of the above are contributions of small firms
Economics
Refer to Game Matrix V. Which of the following values of X and Y result in there being no pure strategy Nash Equilibrium?
a. X = 21, Y = 9. b. X = 19, Y = 11. c. X = 31, Y = 11. d. There will always be at least one pure strategy Nash Equilibrium in this game.
Economics