Stagflation is a combination of ________ real GDP and a ________ price level.
A) increasing;rising
B) increasing;falling
C) decreasing;rising
D) decreasing;falling
E) no change in;rising
Correct Answer:
Verified
Q221: An increase in investment _ aggregate demand,the
Q222: An inflationary gap is created when
A)real GDP
Q223: Q224: A combination of recession and inflation is Q225: In reality,AD rarely _;however,the economy performs as Q227: Reasons that the recession of 2008-2009 did Q228: Oil price hikes Q229: When OPEC nearly tripled the price of Q230: At the beginning of 2015,a country is Q231: Potential GDP increased from 4.7 trillion to
A)increase aggregate supply.
B)decrease aggregate supply.
C)increase
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