The post-World War II record shows that recessionary gaps may be long-lasting because ____ tends not to occur.
A) deflation
B) reflation
C) stagflation
D) disinflation
Correct Answer:
Verified
Q145: An equilibrium point beyond a potential GDP
Q146: Figure 10-4 Q147: One complication in the process of reducing Q148: One complication that tends to prolong recessionary Q149: When money wages rise, the most significant Q151: Many economists describe the 2007-2009 period in Q152: If the price level does not fall Q153: The Japanese economy has been consistently weak Q154: When equilibrium GDP is below potential GDP, Q155: Most economists use the aggregate demand and
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents