The Simultaneous Occurrence of Rising Inflation and Rising Unemployment Is

question 245

Multiple Choice

The simultaneous occurrence of rising inflation and rising unemployment is called

• A) deflation.
• B) stagflation.
• C) disinflation.
• D) disintermediation.

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Definitions:

Home Mortgage

A loan provided by a financial institution to a borrower for the purchase of a residential property, secured by the property itself.

Tax-Exempt Securities

Investments whose interest income is not subject to federal income tax, and in some cases, state and local taxes.

Residence Acquisition Debt

Mortgage debt incurred in acquiring, constructing, or substantially improving a principal residence, which is secured by the residence.

Fully Deductible

Expenses that can be subtracted in full from taxable income, reducing the total amount on which tax is calculated.