Which of the following best describes economic stability?
A) the measure of economic growth that compares how much a system produces with the resources needed to produce it
B) condition in an economic system in which the amount of money available and the number of goods and services produced are growing at about the same rate
C) the economic condition where a country's exports exceed its imports
D) the amount of money that the government owes its creditors

Question

Quizplus · Accepted Answer

Economic stability refers to the situation where the amount of money available in a given economy and the number of goods and services produced are growing at about the same rate. This means that the economy is not experiencing extreme inflation or deflation, and that there is a stable level of employment and income. Option A is describing economic efficiency, while option C pertains to trade balance, and option D is referring to government debt.

Which of the Following Best Describes Economic Stability