A period of protracted slow growth and high unemployment is called:
A) deflation.
B) cyclical stagnation.
C) structural stagnation.
D) stagflation.
Correct Answer:
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Q21: The Classical economists argued that:
A)a market economy
Q22: The long-run growth framework focuses on factors
Q23: Which of the following was not a
Q24: According to Classical economists in the 1930s,
Q25: The secular trend growth rate in the
Q27: Potential output:
A)is purely a physical phenomenon.
B)is related
Q28: Keynesian economics focuses on:
A)the long run.
B)the short
Q29: If a country of 300 million people
Q30: The two frameworks conventional economists generally use
Q31: Keynesians:
A)generally favor activist government policies.
B)generally favor laissez-faire
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