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) A 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 in which a country's exports exceed its imports
D) A relative equality between what the government owes its creditors and the revenue it gets from imports
E) The economic value of all the products that a country exports minus the economic value of all the products it imports

Question

Quizplus · Accepted Answer

Economic stability refers to a condition in which the economy is consistent and growing steadily without encountering any major shocks or disruptions. This includes ensuring that the money supply and the production of goods and services are increasing at similar rates. Therefore, Option B is the best choice. Option A describes economic efficiency, Option C describes trade balance, Option D describes fiscal stability, and Option E describes balance of trade.

Which of the Following Best Describes Economic Stability