Stagflation Is Characterized by

question 245

Multiple Choice

Stagflation is characterized by

• A) an increase in both output and the price level.
• B) a decrease in output and the price level.
• C) an economy which is growing at a rate equal to its historical average growth rate.
• D) an increase in the unemployment rate and an increase in the price level.

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Definitions:

Semipermeable Membrane

A type of barrier that allows certain molecules or ions to pass through it by diffusion and occasionally specialized "facilitated diffusion."

Water

A transparent, tasteless, odorless, and nearly colorless chemical substance, which is the main constituent of Earth's hydrosphere and the fluids of all known living organisms.

Millions

A numerical unit representing one thousand thousands, or 1,000,000.

Cytoplasm

The jelly-like substance inside cells that contains organelles and is enclosed by the cell membrane.