When the overall level of prices in the economy is increasing, economists say that the economy is experiencing

a. economic growth.
b. stagflation.
c. inflation.
d. deflation.

c

Economics

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In Figure 10-5 above, suppose that the economy's steady-state point is C. At points to the left of this, steady-state investment ________ national saving, moving the economy ________ point C

A) exceeds, further away from B) exceeds, closer to C) falls short of, further away from D) falls short of, closer to

Economics