The Term ʺStagflationʺ Is Used to Define an Economic Situation

question 3

True/False

The term ʺstagflationʺ is used to define an economic situation where there are adverse supply shocks which cause a fall in output but with increasing prices.

---

Definitions:

Gene Flow

The movement of alleles between populations.

Balanced Polymorphisms

A genetic equilibrium where two or more alleles persist in a population because they each confer some selective advantage that promotes survival.

Frequency-Dependent Selection

Natural selection in which a trait’s adaptive value depends on its frequency among members of a population.

Recessive Allele

An allele that produces its characteristic phenotype only when its paired allele is identical, often masked by a dominant allele in a heterozygote.