In which of the following conditions is the inflation rate likely to rise and the unemployment rate likely to fall?
A) hyperinflation
B) recession
C) boom
D) stagflation

Question

Quizplus · Accepted Answer

In a boom, there is an increase in demand for goods and services, leading to an increase in prices (inflation) and a decrease in unemployment as firms hire more workers to produce more output.

In Which of the Following Conditions Is the Inflation Rate