When the economy is experiencing high inflation and high unemployment at the same time, then it is experiencing:
a. stagnation.
b. deflation.
c. reflation.
d. stagflation.
e. innation.
d
Economics
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The long-run supply curve is downward sloping in a(n)
a. decreasing-cost industry b. increasing-cost industry c. constant-cost industry d. labor-intensive industry e. capital-intensive industry
Economics
A country who has a trade deficit:
A. imports less than it exports. B. has a negative trade balance. C. sells more goods at home than it sells abroad. D. requires more trade in order to solve a budgetary deficit.
Economics