The Macroeconomic Conditions During the Mid-1990s Confounded Many Economists Because

question 133

Multiple Choice

The macroeconomic conditions during the mid-1990s confounded many economists because of the simultaneous occurrence of

• A)low unemployment and decreasing inflation rates.
• B)low unemployment and increasing budget deficits.
• C)low unemployment and increasing interest rates.
• D)high unemployment and increasing inflation rates.