Periods in time that experience increasing price levels areknown as periods of: a. inflation b. recession...
Which of the following recessionary periods was not caused by an AD shock Great Depression 1973-75 recession 1981-82 recession Great Recession During the Great Depression, the economy experienced inflation disinflation deflation hyper-inflation During the Great Depression, output growth increased at a slower than normal rate was negative for 4 quarters before turning positive was negative for 4 years before turning positive didn't decline as much as during the Great Recession While there is no "standard" for distinguishing an economic depression...
Budget deficit is appropriate during A. recession, but not inflation. B. inflation, but not recession. C. recession and inflation. D. neither recession nor inflation and why ?( pls explain)
73. High inflation, increasing current account deficits and foreign debt are elements of which type of macro situation? A. business cycle B. political manocuvre C. legal fracture D. economic instability 74. When a firm is considering going global, it needs to assess not only current (economic) conditions, but also whether or not those conditions are А. favourable. B. competitive. C. sustainable. D. practical 75. A widespread downturn in activity, usually indicated by successive periods of negative economic growth, is referred...
1. The index used to measure inflation is the a consumer price index. b. producer price index. c. wholesale price index. d. GDP deflator. 2. The price index in year 2 is 110 and the price index in year 3 is 115. The rate of inflation between years 2 and 3 is a. 1.04%. b. 2.04%. c. 4.17%. d. 4.55% 3. The situation that occurs when the inflation rate falls is called a. deflation b. disinflation c. stagflation d. inflation 4. The situation that occurs when the price level falls is called a. deflation b. disinflation c. stagflation d. inflation 5. The situation that occurs when...
1. Your firm expands its output in a time when demand appears to be increasing. Demand for all goods is increasing because of inflation, and consumers want to buy all goods faster because their real purchasing power is falling due to inflation. This situation could indicate that your firm experienced? A. deflation. B. future price uncertainty. C. money illusion. D. menu costs. E. a price confusion problem.
Increasing GDP and decreasing interest, inflation and nt rate are indications of the Not yet Select one: 0 A, Depression O B. Recovery O C. Recession O D. Prosperity Points out of 1 甲Flag Question 13 All of the following are economic indicators EXCEPT: Not yet answered Points out of 1 Select one O A. Interest rate O B. Unemployment rate O C. Government policies F Flag D. Inflation rate Question 14 Points out of 1 O A. HMO Type...
41. Inflation is A a rise in the price of every good and service. B. a rise of exactly a specified percentage in the price of every good or service. C. a rise in the average price level D. a rise in average prices of at least 10 percent a year. 42. Kimberly quit her job as a computer programmer, spent two weeks in Hawai expects to soon find) another job. She is unemployed A. psychologically B. structurally C. frictionally...
ed on An increase in the price level is Select one a. monetarism b. inflation c. profitism d. deflation wered 1.00 uestion of
1. The best definition of inflation is a(n): a temporary increase in prices. b. increase in the price of one important commodity such as food. c. persistent increase in the general level of prices as measured by a price index. d. increase in the purchasing power of the dollar. 2. Inflation: a. reduces the cost-of-living of the typical worker. b. is measured by changes in the cost of a typical market basket of goods between time periods. c. causes the...
Discuss the following statements: a . The Phillips curve implies that when unemployment is high, inflation is low, and vice versa . Therefore, we may experience either high inflation or high unemployment, but we will never experience both together. b. As long as we do not mind having high inflation, we can achieve as low a level of unemployment as we want. All we have to do is increase the demand for goods and services by using, for example, expansionary...