What Is the Condition in an Economic System in Which

question 90

Multiple Choice

What is the condition in an economic system in which the amount of money available and the number of goods and services produced are growing at about the same rate?

• A) Unemployment
• B) Stability
• C) Deflation
• D) Inflation
• E) Oversupply

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Definitions:

Annually

Occurring every year or pertaining to a period of one year.

Consumer Credit-Card Rate

The interest rate that banks charge consumers on the balances they carry on their credit cards.

Prime Rate

The interest rate that commercial banks charge their most creditworthy customers, often used as a benchmark in lending rates.

Economic Resource

Any resource used by humans to produce goods or services, including labor, capital, land, and entrepreneurship.