A situation in which output decreases while prices increase is often referred to as:
A. inflation.
B. negative economic growth.
C. a recession.
D. stagflation.
Answer: D
Economics
You might also like to view...
If mining companies are indifferent between operating and not operating a quarry, that quarry is
a. discounted. b. usurious. c. marginal. d. nonexcludable.
Economics
When there is a high degree of complementarity between two products, then the indifference curves will:
A. be reasonably close to straight lines. B. be perfectly straight lines. C. bend sharply. D. be positively sloped.
Economics