Structural stagnation is used to describe a:
A)downturn, followed by a period of slow growth that is not expected to speed up anytime soon without major structural changes in the economy.
B)downturn, followed by a period of slow growth that is not expected to speed up anytime soon without major political changes in the economy.
C)downturn, followed by a period of slow growth that is not expected to speed up anytime soon without major legal changes in the economy.
D)downturn, followed by a period of slow growth that is not expected to speed up anytime soon without major cyclical changes in the economy.

Question

Quizplus · Accepted Answer

Structural stagnation refers to a situation where the economy experiences a downturn and then enters a phase of slow growth, which is unlikely to accelerate without significant structural reforms or changes within the economy. This concept emphasizes the need for changes in the fundamental aspects of the economy, such as its institutions, policies, or market structures, rather than temporary or cyclical adjustments.

Structural Stagnation Is Used to Describe A