Which of the following is not a desirable characteristic in an economy?
A) growing per-capita output
B) rapid increase in the general price level
C) low unemployment
D) population growing slower than output

Question

Quizplus · Accepted Answer

A rapid increase in the general price level (inflation) reduces the purchasing power of money, leading to instability and uncertainty in the economy. It can also negatively impact the ability of businesses to plan for the future and invest in long-term projects. The other options, growing per-capita output, low unemployment, and population growing slower than output, are all desirable characteristics as they indicate a healthy and growing economy.

Which of the Following Is Not a Desirable Characteristic in an Economy