Stagflation describes a condition whereby
A) inflation is caused by forces external to the aggregate supply/aggregate demand analysis.
B) real GDP increases but nominal GDP stagnates at a relatively constant level.
C) real GDP declines at a relatively constant price level.
D) potential real GDP stagnates.
E) real GDP rises or falls very little but inflation persists at fairly high rates.
Correct Answer:
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A)the same as deflation.
B)a constant price
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A)endogenous.
B)exogenous.
C)both endogenous and
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A)the lowest rate of unemployment
Q100: Stagflation describes a situation in the economy
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A)changes in the
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