The Term Stagflation Refers To

question 60

Multiple Choice

The term stagflation refers to:

• A)a simultaneous reduction in output and the price level.
• B)a simultaneous increase in output and the price level.
• C)a decline in the price level accompanied by increases in real output and employment.
• D)an increase in the price level accompanied by decreases in real output and employment.
• E)a simultaneous increase in both the trade deficit and the budget deficit.

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