Stagflation Is the Simultaneous Occurrence of Substantial Unemployment and Inflation

question 38

True/False

Stagflation is the simultaneous occurrence of substantial unemployment and inflation.
In the 1970s the U.S.economy experienced stagflation,in which the price level increased while the economy entered recession.

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Definitions:

Qualitatively

In a manner that pertains to the quality or characteristics of something, often through descriptive or subjective measures, rather than quantitative or numerical terms.

Quantitatively

In a manner that can be measured or expressed in numbers.

Dan Sullivan

The name of an individual, which without further context, cannot be uniquely defined. In business, Dan Sullivan could refer to a strategic coach or business advisor among others.

Entrepreneurs

Individuals who identify a business opportunity and take the risk of creating and managing a new enterprise to capitalize on it.