Stagflation at the end of the 1970s was marked by increasing inflation and unemployment

A balance-of-payments deficit occurs:

A. when a nation must make an inpayment of official reserves to its capital and financial account. B. whenever a nation has a goods and services deficit. C. whenever a nation has a goods and services surplus. D. when a nation must make an outpayment of official reserves from its capital and financial account.

Different banks:

A. all offer loans at the same interest rate. B. may offer loans at different rates. C. are mandated to follow the Fed's set interest rate. D. never offer loans at exactly the same rates.