Stagflation Is Characterised by

question 45

Multiple Choice

Stagflation is characterised by

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

Understand the impact of interest rates on the economy and individual financial planning.

Grasp basic principles of inflation and its effects on financial planning and the economy.

Learn the significance of consumer spending and its effects on the economy.

Understand the concepts of risk, including liquidity, inflation, and interest rate risks, in financial planning.

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Definitions:

Codicil

is a supplement or addition to a will, either to modify, explain, or sometimes revoke provisions in an existing will.

Advance Directive

A written document such as a living will or durable power of attorney that directs others how future health care decisions should be made in the event that the individual becomes incapacitated.

Holographic Wills

Wills that are handwritten, dated, and signed by the person making the will, without the necessity of witnesses, recognized in some jurisdictions.

Nuncupative Wills

Oral wills that are made by the testator in anticipation of imminent death, witnessed by others, and subject to legal restrictions.