Stagflation is a contraction, or stagnation, of a nation's output accompanied by inflation in the price level

U.S. firms can produce and sell electric fans for $25. The United States can also import electric fans from China at $40 each and from Canada at $45 each. Electric fans made in the United States, China, and Canada are identical. Currently, the United States imposes a 30% tariff on imported electric fans. From which of the following countries will the United States import fans?

a. China b. Canada c. It will import fans from neither China nor Canada. d. It will import fans from both China and Canada.

To measure the effect of debt in an economy, economists use a standard measure which involves the ________ relative to the GDP

A) stock of debt B) stock market activity C) outstanding government bonds D) capital stock of equipment