Which of the following is a desirable characteristic in an economy?
A) low inflation
B) rapid increase in the general price level
C) high unemployment
D) low employment

Question

Quizplus · Accepted Answer

Low inflation is a desirable characteristic in an economy as it indicates price stability and helps maintain the purchasing power of the currency. Rapid increase in the general price level (option B) is undesirable as it leads to inflation and reduces the value of the currency. High unemployment (option C) and low employment (option D) indicate a weak labor market and are also undesirable for an economy.

Which of the Following Is a Desirable Characteristic in an Economy