Rising total output accompanied by increasing employment is generally known as a(n):
A) stagflation.
B) recession.
C) inflation.
D) expansion.

Question

Quizplus · Accepted Answer

Rising total output and increasing employment indicate that the economy is in an expansion phase. Stagflation refers to a situation where the economy experiences high inflation and stagnant economic growth. Recession refers to a decline in economic output and employment. Inflation refers to a sustained increase in the general price level of goods and services in an economy.

Rising Total Output Accompanied by Increasing Employment Is Generally Known