Stagflation refers to a situation in which the economy is experiencing:
A. high economic growth and high inflation.
B. low economic growth and high inflation.
C. high economic growth and low inflation.
D. low economic growth and low inflation.
Answer: B
Economics
You might also like to view...
The egalitarian principle refers to
A) "To each according to her need." B) "To each exactly the same." C) "To each according to her productivity." D) "To each according to his ability."
Economics
Which of the following is considered to be a fixed cost of operating an automobile?
a. Gasoline b. Tires c. Registration fees d. Maintenance e. Oil change
Economics