A Situation Where Both National Output and Inflation Rise Is

question 80

Multiple Choice

A situation where both national output and inflation rise is called a(n) _____.

• A) deflationary recession
• B) deflationary boom
• C) inflationary boom
• D) inflationary recession

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Definitions:

Glass-Steagall Act

A piece of legislation passed in 1933 during the Great Depression that introduced regulations to control speculation by banks, including separating commercial banking from investment banking.

NAFTA

The North American Free Trade Agreement, a treaty among the United States, Canada, and Mexico that aimed to eliminate trade barriers and facilitate the cross-border movement of goods and services.

Velvet Revolution

A peaceful and non-violent protest movement that led to the end of the communist regime in Czechoslovakia in 1989.

Tiananmen Square

The site in Beijing, China, of pro-democracy protests in 1989 that were violently suppressed by the Chinese government, resulting in numerous deaths and injuries.