A situation where both national output and inﬂation rise is called a(n) _____.
A) deﬂationary recession
B) deﬂationary boom
C) inﬂationary boom
D) inﬂationary recession

Question

Quizplus · Accepted Answer

An inflationary boom occurs when the economy is growing and experiencing rising inflation simultaneously, meaning both national output (economic growth) and inflation are increasing.

A Situation Where Both National Output and Inﬂation Rise Is